News Potential hitch for Google float

Discussion in 'Article Discussion' started by GreatOldOne, 5 Aug 2004.

  1. GreatOldOne

    GreatOldOne Wannabe Martian

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    Eager to get your mits on some Google stock? well you may have to wait a little longer due to this little 'goofle' reported by the Beeb:

    Search engine Google has admitted it may have breached stock market laws in the US.

    In a filing to the US market watchdog, Google said it had neglected to register almost 30 million shares and options issued to staff.

    It is now offering to buy them back - albeit at prices way below the $108-$135 at which its flotation is set.

    It is unclear whether the warning could affect the timing of the $3.3bn flotation, due to end within days.

    Google's shares could start trading on the technology-heavy Nasdaq market as early as next week.


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