Google Files to Sell 14.2 Million Shares
An AP newswire article, via The Washington Post, reports that:
Google Inc. on Thursday said it has filed with the Securities and Exchange Commission to sell 14.2 million shares of class A common stock, an offering worth more than $4 billion at Wednesday's closing stock price.
Shares of Google, which have more than tripled since going public a year ago, closed Wednesday at $285.10 on the Nasdaq Stock Market, giving the offering an estimated value of $4.04 billion.
In pre-market trading, Google shares slipped $9.10, or 3.2 percent, to $276. The stock made its trading debut at $85 on Aug. 19 last year, and climbed as high as $317.80 in mid-July.
posted by Fergie @ 8/18/2005 07:55:00 AM
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