A Cool $4.18 Billion for Google War-Chest
Looks like Google is putting aside some money for a “rainy day”. 😉
Google has raised $4.18 billion in a secondary offering, as investors try to add to their holdings of a stock that has more than tripled in value since the company’s initial offering a year ago.
Google’s follow-on offering on Wednesday, in which shares were priced at $295 each, was completed less than one month after Google filed to sell 14.159 million shares, a number that matches the digits of the mathematical term pi with the initial 3 removed.