Thursday, August 19, 2004
Google's IPO Is An Unqualified Success
At the close of trading, GOOG stands at 100.33, up 15.33, 18.04% above the opening value of $85. While Google has struggled through a rocky road to get to this point, dropping their original asking price from $108-135, the results are far higher than the $20 being discussed months ago. Google is now a publicly traded company, with the money it needs to expand its vision further than before.
Google's stock started at $101, dropped to 95, and slowly rose to 104.06 before settling to stay at 100.14. The stability of the stock suggests Wall Street is satisfied with the price Google has, and it won't see a drop anytime soon.