Google plans to offer an
additional 5.3 billion shares through a flotation in April that will raise an
estimated $2.1bn.
"The principal purpose of this offering is to obtain additional capital,"
Google said in a filing with the
Securities and Exchange
Commission.
The company explained that the funds might be used for future acquisitions,
but that there are no current agreements or commitments for such activity. The
transaction is expected to be completed next month.
Google's move was in part sparked by its forthcoming inclusion in the
Standard &
Poor's 500 Index at the end of March.
The search giant anticipates that this will cause many index funds to
purchase Google stock, and the flotation is designed to meet the additional
demand.
Google has raised $5.7bn from investors so far. The company
went public in August 2004 and sold an
additional $4bn in stock last August.
Google revealed plans for the stock sale after the market had closed on
Wednesday. The company's share price fell several percentage points in
after-hours trading.
C++ Research Developer Global Pharmaceutical Company London C++ Research Developer Biotechology Global Medical Company London Global Biotechnology Company specialising in the research and development of cutting edge health care products is looking for an innovative, ... more >
Your role will be working on direct market access and exchange connectivity part of the application built in C++ on a Unix platform. The team is currently just 9 people including architect and team lead, ... more >
This is a fantastic opportunity working for a leading global software house, which is part of a larger multi media company. The role is working in the core development team in central London developing a ... more >
C++, Developer, OO, Unix/NT, API, London, City, Graduate A senior core C++/ Unix developer wanting to work in the heart of the city for one of London's most successful companies is required. The successful candidate ... more >More job opportunities
Print
Discuss
Send to friend
RSS feeds
Online storage would weaken Microsoft's hold on user data 08 Mar 2006
del.icio.us
Digg this
reddit!
