Posted September 16, 2005 9:55 am by with 0 comments

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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.