Google Hopes to Raise $2 Billion in IPO
Google Hopes to Raise $2 Billion in IPOGoogle Hopes to Raise $2 Billion in IPO
Monday July 26, 9:30 am ET
WASHINGTON (Reuters) - Google Inc., the world's No. 1 Web search provider, said on Monday it hoped to raise as much as $2 billion in its highly anticipated initial public offering and could have an initial market cap as high as $36.25 billion.
About 24.6 million shares will be sold in the IPO for between $108 and $135, according to an amended prospectus filed with the U.S. Securities and Exchange Commission.
Mountain View, California-based Google plans to sell 14.1 million shares, while another 10.5 million will be sold by stockholders. It has received approval to list its Class A common stock on the Nasdaq under the symbol "GOOG" (Nasdaq:GOOG - News).
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