Google IPO registration today

The company has estimated the range of its IPO to be 108 to 135 per share.

Google8217;s public offering has been eagerly anticipated by investors hoping to snap up an early stake in one of the technology world8217;s brightest stars. But many analysts, and even Google itself, have warned repeatedly about the risks.

Tuesday, the company and others warned that some of Google8217;s past profits may stem from practices some are now calling into question.

In a new filing with SEC, AskJeeves Inc, a business partner of Google8217;s, disclosed that both companies are defendants in a class action lawsuit filed August 3 that seeks to recover online gambling losses incurred by California residents during the past four years.

Google was included in the suit because it once profited by distributing casino ads enticing people to gamble.

In April the company announced it was stopping the practice, but some gambling sites have managed to take advantage of the search engine8217;s automated systems to continue to air their ads, in defiance of Google8217;s new policy, experts said.

Google declined to comment on the lawsuit. In addition to gambling ads, Google said in its latest SEC filing that some people have found other ways to manipulate its computerised ad system, sometimes in ways that inadvertently generate revenue for the company. 8212;LAT-WP