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

Meet UDOO X86, a Maker Board That's 10 Times More Powerful Than Raspberry Pi 3

Today we would like to introduce our readers to an upcoming maker board that features some very powerful components and aims to overpower every SBC (single-board computer) in its path. Read more

Watch: Ubuntu Convergence in Action on Meizu PRO 5 Ubuntu Edition with Miracast

Earlier today, May 23, 2016, the Ubuntu Community Manager at Canonical, Mr. Alan Pope, received his Meizu PRO 5 Ubuntu Edition smartphone, so he immediately ran some tests to see the Ubuntu convergence with his own eyes. Read more

Leftovers: Software

  • Roundcube Webmail 1.2.0 released
    We proudly announce the stable version 1.2.0 of Roundcube Webmail which is now available for download. It introduces new features since version 1.1 covering security and PGP encryption topics...
  • Roundcube Webmail 1.2 Adds PGP Encryption
    For those using the open-source Roundcube software for your webmail needs, Roundcube 1.2 is now available as the latest stable version.
  • Systemd 230 Opens Up A New Graphics Vulnerability & FBDEV Still Should Die
    A change made in the recent release of systemd 230 makes it easy for rogue user processes to be able to spy on your desktop, assuming a few conditions are met. If you are using FBDEV, such as with Wayland's Weston FBDEV back-end, other user processes can now read from the frame-buffer device. The change in systemd is, "Framebuffer devices (/dev/fb*) and 3D printers and scanners (devices tagged with ID_MAKER_TOOL) are now tagged with 'uaccess' and are available to logged in users."
  • systemd 230 Launches with DNSSEC Enabled by Default in systemd-resolved, More
  • 7 Best Command Line Navigation Tools
    The desktop environment with its bundle of programs sharing a common graphical user interface (GUI) remains a firm favorite with users. Not surprising really given that a good desktop environment makes computing fun and simple. The graphical desktop environment has become so ingrained in almost everyone's computer activities that it might seem the command line will wither away. Yet, there is still an important role to play for the humble command-line interface (CLI).
  • GNU Parallel 20160522 ('TTIPleaks') released
    GNU Parallel 20160522 ('TTIPleaks') has been released.

today's howtos