Google IPO auction opens

from CBC.ca archives | Fri, 13 Aug 2004

TORONTO - Internet search engine Google launched the online auction of its initial public offering of shares Friday, the company said.

Based in Mountain View, Calif., Google is expecting to raise about $3 billion US through the online auction.

The exact share price for the IPO will be announced next week after the auction is completed, but Google is seeking between $108 US and $135 US per share from investors.

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