WebProNews

Google, search engine giant, unfortunately might have to delay its much anticipated $3.3 billion IPO to wait on more fund managers.

This decision came after Google issued over 20 million shares, estimated at $3.1 billion, of its stock to current and former employees, according reuters.

The delay could push the offering into the later part of August, traditionally a lackluster time to launch an IPO as many investors are on vacation, as reported on cnn.com.

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Jeremy Muncy is a staff writer for WebProNews.com