Week in review: Trouble finds Google!

[Dashken]

As Google prepares for its initial public offering, the company seems to be more popular on the Net's back streets than on Wall Street.

The Web search giant is preparing to raise as much as $3.3 billion in an offering that could happen as soon as next week, according to bankers familiar with the situation. But as the launch closes in, the search company is being inundated with negative publicity.

Google recently set a range for the IPO sale price of between $108 and $135 a share. Even at the low end, that would put it among the highest-priced public offerings in recent memory. Some investors have complained the price is too high--something that is largely scaring off retail investors.

Source: http://news.com.com/Week+in+review%3...l?tag=nefd.top