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At IPO, the corporation presented 19,605,052 shares at a price tag of $85 per share. The sale of $1.67 billion gave Google a market capitalization of more than $23 billion. The stock performed nicely soon after the IPO, with shares hitting $350 for the initially time on October 31, 2007, mostly because 유흥구인 of strong sales and earnings in the on line advertising market place. The surge in stock price was fueled mostly by person investors, as opposed to large institutional investors and mutual funds. GOOG shares split into GOOG class C shares and GOOGL class A shares.