We wrote a story about the fact that the Google share price is to high. Now Google just announced a lower price range for its offering on the Google IPO site.
From the Google IPO announcement site:
"The offering price is now expected to be between $85 and $95 per share. As originally planned, Google expects to sell 14,142,135 shares of Class A common stock in the offering. However, in view of this new price range, the selling shareholders are reducing the shares they expect to sell to approximately 5.5 million shares, yielding a total offering of approximately 19.6 million shares."
Still for my taste it is still to high. Read also a new story on Always-On about the Google Share Price.
Don't Miss: Today's Best Deals on Amazon.com