free html hit counter First Wave of GOOG Lockups Expire Today - John Battelle's Search Blog

First Wave of GOOG Lockups Expire Today

By - November 16, 2004

GOOG1All Wall St. eyes are on GOOG today as more than 39 million shares are released from lockup. Bloomberg story.

The possible increase of shares in circulation may ease a shortage of stock that helped fuel a rally since the company’s initial public offering in August. Shares of Google, the most- used Internet search engine, closed yesterday at $184.87, more than twice the IPO price of $85.

Before today, 27.2 million of Google’s 273.4 million shares were free for trading. The number of shares available will rise tenfold by mid-February with the expiration of more so-called lockup periods that restrict insider sales after an initial public offering.

Update: Here’s Google’s 10-Q, thanks to SEWBlog.

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