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.
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….
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.”