Google sets IPO price range

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Mountain View, Calif.—Search engine leader Google on Monday said the pricing for its initial public offering would be between $108 and $135 per share, according to Reuters.

The company plans to sell 14.1 million shares, and another 10.5 million are to be sold by stockholders. The proceeds from the 14.1 million shares, estimated at $1.66 billion, will be used for “general corporate purposes.” American Online and Yahoo!, both shareholders, are each expected to sell 10% of their stakes in Google in the IPO.

In addition, the Nasdaq ticker symbol GOOG has been approved.

—Carol Krol

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