Google Breaks Into Original Range
GOOG closed today at $108.31, thirty one cents above the low end of the range within which Google originally valued itself. (It was $108-$135). It was up nearly $8 from its first close yesterday.
GOOG closed today at $108.31, thirty one cents above the low end of the range within which Google originally valued itself. (It was $108-$135). It was up nearly $8 from its first close yesterday.
Reader Ed Brenegar writes: This is a year to change the customer relations game. With less commerce happening, presumably, there is more time for interaction. That interaction has to build the relationships... »
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Comments
Why Google didn't set a lower range and let the auction move it up will forever be a mystery to me.
Why didn't Google structure a 5-to-1 stock split some time back, and price the IPO at $20/share? No reason why they couldn't have done it; analysts will know that the claimed market cap is the same as a non-split pricing of $100/share, but Joe Small Investor is going to say, "$20, I got some of those in my wallet," as opposed to, "$100... man, that's pretty steep."
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