As close as it is, Google's initial stock offering has been delayed while the company awaits final approval of its paperwork by the Securities and Exchange Commission, said the company Tuesday.

Google had planned to close its share price-setting auction after receiving the SEC's final go ahead. If that had happened, winning bidders could have been notified and shares could have been traded on the Nasdaq Stock Market as early as Wednesday.

Google anticipates its 25.7 million shares will be priced between $108 and $135 each in what could be a $3 billion initial public offering, which would be a record for an Internet company. If the stock trades at the midpoint of Google's range, it would have a market capitalization of about $30 billion.

By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved