Language Selection

English French German Italian Portuguese Spanish

Google to sell 14.2 million more shares

Filed under
Web

Google Inc. said Thursday it has filed with the Securities and Exchange Commission for a proposed public offering of 14.2 million class A common shares.

Google shares, which have tripled since going public one year ago, closed Wednesday at $285.10 on the Nasdaq Stock Market, giving the offering an estimated value of $4 billion at that share price.

The operator of the popular Internet search engine said it intends to use the net proceeds from the offering for general corporate purposes, including working capital and capital expenditures, and possible acquisitions of "complementary businesses, technologies or other assets."

Following the offering, Google said there will be 191.1 million class A shares outstanding.

Google said Morgan Stanley & Co. and Credit Suisse First Boston LLC are the managing underwriters of the proposed offering. The underwriters have an option to purchase up to 600,000 additional class A common shares to cover over-allotments, if any.

Associated Press

More in Tux Machines

today's howtos

Linux and Linux Foundation

KDE and GNOME

Debian Family

  • Devuan GNU/Linux 1.0.0 "Jessie" Just Around the Corner, Release Candidate Out
    It's been five almost five months since the developers behind the Debian-based Devuan GNU/Linux operating system launched the second Beta version towards the first stable release of the OS, and they now announced the Release Candidate. The Devuan project continues its vision of providing a libre Debian fork without using the systemd init system, and the Release Candidate (RC) version brings the GNU/Linux distribution closer to a final release. The interesting fact is that this RC appears to be stable enough to be used for production work.
  • Budgie 10.3 Released, Here’s How to Install it on Ubuntu
    A new version of the Budgie desktop is available to install on Ubuntu. Budgie 10.3 adds a new Alt+Tab switcher, and brings a stack of bug fixes to the table.
  • Ubuntu 17.10 Codename Released "Artful Aardvark"
  • openHAB
    Partners Canonical, openHAB Foundation and Azul Systems have collaborated hard to drive development of the new openHAB 2.0 smart-home platform as a snap package. An alternative to Apple Homekit and Samsung SmartThings, openHAB from openHAB Foundation is completely free and open source, and acts as a control hub for home IoT setups.