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Google survives first day at Wall Street

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On August 20, 2004, 9:12 AM EST

Despite of several problems reported just before its initial public offering, Google has survived its first day at Wall Street and actually managed to make for one of the largest IPOs ever recorded. The company and selling shareholders raised up to $1.66 billion and stock price climbed some 18 percent in its debut to close slightly above the $100 mark.

"The news is: They got the deal done. And it's definitely successful. Any time a stock trades up from the offering on the day of the IPO, by my measure, it's a success"

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