Google's Initial Share Price Set at $85

So Google is finally through with its auction process and has set the initial share price at $85, lower than its initial expectaion range of $108 to $120. This ends weeks of speculation about what price the Google shares will debut at and begins new speculation as to which direction it will head on the first day of trading. Despite the fact that Google had to lower the initial share price, its still quite impressive that they went ahead with a largely untested mode of IPO and have still managed to set an initial market cap that is higher than that of as established an Internet play as Amazon and equals that of General Motors!

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