Google shares top $400 threshold with ease
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When shares of GOOG were first launched I remember people upset with the pricing. Looking back now how wrong could they have been! Google shares are currently at $402.89 just 15 months after the firm’s $85 a share flotation.
Google shares closed up $5.30, or 1.3%, at $403.45, giving the firm a higher market value than stalwarts Coca-Cola, Walt Disney and Cisco Systems. Google’s shares were valued at $85 each when the company listed on the US Nasdaq stock market 15 months ago. Analysts have been excited by the growth potential of new products.
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