Google's stock soared over 18% on opening day -- rising from the $85 IPO
opening share price
to just over $100. At this price the stock has an extremely high PE of 138.78. Google's IPO was brought down earlier this week from the originally expected IPO price opening of $108 - $135 per share (see Marketwatch.com article). It remains to be seen where Google's price will go from here. Google trades under the NASDAQ symbol GOOG. Investors have been hoping the IPO stock launch of the incredibly popular search provider would rekindle the flames of a tech boom, but with rising oil prices and a weak economy looming over the market, Google's debut might not be enough.
