Google has reduced the price range for its initial public offering to between US$85 and $95 per share, and lowered the number of shares being sold by company executives. “The changes cut the value of the company by almost 30 percent — to $25.8 billion — compared with the high end of its initial pricing range of $108 to $135 a share,” reports CNET News.com. “Selling shareholders now stand to raise as much as $1.9 billion by offering 5.5 million shares. That’s down from the $3.5 billion they would have raised had they gone out with initial plans to sell 11.6 million shares. The company has asked the Securities and Exchange Commission to make its registration statement effective as of 1 p.m. PDT Wednesday. That could have the company trading publicly as early as Thursday.”
