Google IPO Set At $85 A Share

Google said Wednesday it will go public at $85 a share, paving the way for the widely awaited but troubled stock offering to finally stumble to market on Thursday.

The Securities and Exchange Commission gave the final go-ahead for the IPO Wednesday afternoon, and the stock was expected to begin trading today. As of this writing, the stock does not appear to be trading yet.

On Wednesday, Google slashed its planned IPO by nearly half, cutting the expected price to $85 to $95 a share from its original range of $108 to $135 a share. It later confirmed its initial going-public price would be $85 a share.

Read more at CNN Money.