Google Shares Expected to Trade Shortly
Google Shares Expected to Trade ShortlyGoogle Shares Expected to Trade Shortly
Thursday August 19, 10:04 am ET
By May Wong, AP Technology Writer
Google Shares Expected to Trade on Nasdaq Between 10 A.m. and Noon; IPO Priced at $85
SAN JOSE, California (AP) -- Shares of Google Inc. were expected to begin trading on the Nasdaq Stock Market on Thursday, the culmination of a unique and highly public initial stock offering for the 6-year-old dot-com dreamed up in a garage.
The final initial public offering price of $85, set late Wednesday through an unorthodox auction that alienated many on Wall Street, cleared the way for the stock to start trading under the symbol "GOOG" on the Nasdaq Stock Market.
Founders Sergey Brin and Larry Page were on hand to open trading at the Nasdaq, but trading of Google shares were not expected to begin changing hands until between 10 a.m. and noon, a common occurence for the first day of trading in an IPO, according to Nasdaq spokeswoman Silvia Davi.
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