Google Stock Quote

The hottest IPO of the year appears to have cooled off a bit.

The estimated price range for Google’s initial public offering has been lowered from a previously estimated $108 to $135 range to the $85 to $95 range.

On top of that, the amount of shares available to the public from existing shareholders has been reduced from 11.6 million to less than 6 million shares. The company still plans to sell more than 14 million shares.

What does this mean to the average investor?

This could be viewed as a positive development. A lower price range with less shares available for trading bodes for better support of the stock price.

Now it’s just a matter of the SEC giving the final nod and GOOG should be trading on the NASDAQ soon.