Thursday, August 18, 2005

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.

0 Comments:

Post a Comment

<< Home