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08.18.05
Google
To Sell 14.16 Million Shares
 By
Chris Richardson
Google has filed a request with SEC regulators that would allow the search engine
to sell 14.16 million shares of class A common stock. The filing was completed
today (8-18-05).
Going by today's current price for GOOG's stock ($285.10), the sale could net
Google around $4 billion. The filing comes on the eve of Google's first year anniversary
of their IPO.
According to the Reuters report, Google plans to use the money from the sale for
general corporate purposes like working capital, business and technology acquisitions.
The report also indicates Morgan Stanley, Credit Suisse First Boston and Allen
& Co., underwriters of Google's offer, are eligible to purchase an additional
600000 shares to cover orders that may have exceeded the initial supply.
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by Chris Richardson
About the Author:
Chris Richardson is a search engine writer and editor for WebProNews.
Visit WebProNews for the latest search news.
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