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Wednesday, August 18, 2004

Stop, GoogleTime!

Looks like the auction period is coming to a close and here's the skinny on the numbers for Google. Looks like Google will begin trading tomorrow morning since they're trying to make the latest ammendment to their prospectus effective today at 4pm which is when the markets close.

"Please be advised that the prospectus for the offering of Google's Class
A common stock will be amended to change the estimated offering price
range and the number of shares to be sold in the offering. The offering
price is now expected to be between $85 and $95 per share. Google
expects to sell 14,142,135 shares of Class A common stock in the
offering as originally filed. The selling shareholders are reducing the
shares they expect to sell to approximately 5.5 million shares in view
of this new price range. This is a reduction of approximately 6.1
million shares. In addition, the selling shareholders have granted the
underwriters the right to purchase approximately 2.9 million additional
shares of Class A common stock at the initial public offering price to
cover over-allotments.

Google and the underwriters requested that the Securities and Exchange
Commission declare the registration statement effective on Wednesday,
August 18, 2004 at 4:00 p.m. (Eastern Daylight Time). We will send you
a notice of effectiveness once the registration statement has been
declared effective. Google and the underwriters expect to close the
auction when the registration statement is declared effective."

Posted By Jason Dowdell at 09:53 AM
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