"Google said Monday it would sell 24.6 million shares in its initial public offering at an estimated price range of $108 to $135 a share, giving a long-awaited indication of what the leading Internet search company believes it is worth to investors," reports USA Today.
"Overall, Google would have a market capitalization between $29 billion and $36 billion, counting shares held by insiders. Only 9% of the company's stock is being offered in the IPO.
"A market cap of $36 billion would make Google worth more than such corporate stalwarts as McDonald's and Sony and almost as much as drugstore giant Walgreen. The average in the S&P 500 is $21.25 billion. Google rival Yahoo has a market cap of nearly $38 billion."
