Google Offers More Stock
Google has set pricing for its follow-up stock offering at $295 per share. This price represents a slight discount as compared to the day's closing value of $303 per share. Based on an intended release of 14.6 million shares, Google seeks to raise $4.307 billion in additional capital. Today's late offering is the first stock that Google has sold to the public since its initial offering of 271.2 million shares priced at $85 per share on August 19, 2004.
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