Posted: Tue Aug 17, 2004 11:42 pm Post subject: IPO Prospectus Updated, Price Now $85 to $95
Quote:
Please be advised that the prospectus for the offering of Google's Class
A common stock will be amended to change the estimated offering price
range and the number of shares to be sold in the offering. The offering
price is now expected to be between $85 and $95 per share. Google
expects to sell 14,142,135 shares of Class A common stock in the
offering as originally filed. The selling shareholders are reducing the
shares they expect to sell to approximately 5.5 million shares in view
of this new price range. This is a reduction of approximately 6.1
million shares. In addition, the selling shareholders have granted the
underwriters the right to purchase approximately 2.9 million additional
shares of Class A common stock at the initial public offering price to
cover over-allotments.
Of note:
- offering price is now expected to be between $85 and $95 per share
- selling shareholders are reducing the shares they expect to sell by approximately 6.1 million shares
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