Google May Delay Its IPO by About a Week
Google May Delay Its IPO by About a WeekGoogle May Delay Its IPO by About a Week
Thursday August 5, 10:17 pm ET
By Reed Stevenson
SEATTLE (Reuters) - Google Inc. may delay its highly anticipated $3.3 billion IPO by about a week as the Web's No. 1 search engine waits for more fund managers to bid on the shares, a source familiar with the offering said on Thursday.
The delay came after Google spooked investors by disclosing it may have illegally issued shares worth as much as $3.1 billion to current and former employees.
The source, however, said the legal wrinkle did not cause the delay in the initial public offering, which was expected to happen as soon as next Tuesday or Wednesday.
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