Google files for another public offering

Google said Thursday it filed a request to sell 14,159,265 shares of its Class A common stock.

In a news release, the Internet search-engine company said the public-offering proposal has been filed with the Securities and Exchange Commission but has not yet been approved.

The deal, if it goes through, would be worth about $4 billion, with the company's share price currently around $285.

"We may use proceeds of this offering for acquisitions of complementary businesses, technologies, or other assets," Google said in its filing.

Copyright 2005 by United Press International


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Citation: Google files for another public offering (2005, August 18) retrieved 18 January 2021 from https://phys.org/news/2005-08-google.html
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