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Google's New Stock Rises to $100 Mark

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Google's New Stock Rises to $100 Mark

Google's New Stock Rises to $100 Mark

Google's New Stock Rises to $100 Mark

  • Download
  • <iframe src="https://www.npr.org/player/embed/3860040/3860041" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Shares of Google soared more than 20 percent in their first day of trading. Reuters hide caption

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Reuters

Shares of Google soared more than 20 percent in their first day of trading. Reuters hide caption

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Reuters

Trading begins in shares of the Internet search engine company Google. The much anticipated and hyped initial public offering of a small percentage of the company's stock got off to a late start.

The IPO was dogged by a series of company missteps in recent weeks and a lackluster market for tech shares, forcing Google to cut the expected pricing of its shares to $85, after initially setting a range of $108-135. NPR's Laura Sydell reports.