Updated from 9:12 a.m. EDT
Google's initial public offering looked stranger still after the Internet search engine revealed Monday that it expects shares to come to market at well over $100 apiece.
The search engine company revealed in a filing with the Securities and Exchange Commission that it expects to offer 24.6 million shares between $108 and $135 a share. About 14 million shares will represent new equity being sold by the company, while the remainder will be shares currently held by company insiders.
The offering is valued at between $2.66 billion and $3.32 billion, indicating strong demand for the stock. The company in its initial filings pegged the value of the deal at $2.7 billion. ...
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