SAN JOSE, Calif. - In a sign that Google Inc.'s initial public offering will not be as hot or big as expected, the Internet search giant reduced the number of shares to be sold by insiders and slashed its estimated per-share price range.

The world's most popular search engine said Wednesday it now expects its stock to trade between $85 and $95 per share, down from its old forecast of between $108 and $135. It also said the total number of shares to be sold will be cut to 19.6 million, down from 26.7 million.


Source : The Associated Press