Google’s stock gained 18 percent over the $85 clearing price set Wednesday, ending its first day of trading on the Nasdaq at $100.33, NewsFactor reports. “Some traders speculated that the company deliberately set a low opening price and reduced the number of shares issued to create a first day run-up,” the news service said.
For details,see: www.newsfactor.com/story.xhtml?story_title=Google-Scores-on-First-Day-of-Trading&story_id=26464
