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Wednesday, September 01, 2004
Google Shares Drop 2% Ahead Of Lockup Release
Google closed at $100.25 Wednesday, as investors braced for the release of 4.7 million shares Thursday. Google is now down 12% from its high of 113.48. 16.9 million shares were released in the IPO on August 19. By the time the 180-day lockup period ends, 176.8 million shares will be available. Thursday is a big test, and if Google proves volatile, the stock could go through major shakeups every few weeks as more shares are made available.

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