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Hey S&P, Thanks for the Secondary!

By - March 29, 2006

From Bloomberg:

Google to Sell 5.3 Million Shares for S&P Index Funds

March 29 (Bloomberg) — Google Inc., the most-used Internet search engine, plans to sell 5.3 million more shares to satisfy demand for the stock as the company joins the Standard & Poor’s 500 Index.

The sale would raise more than $2 billion at today’s price and would bring to more than $6 billion the total Google has brought in from stock sales in the past year. These new shares primarily will be offered to funds that are based on the S&P 500, Google said today in a regulatory filing.


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One thought on “Hey S&P, Thanks for the Secondary!

  1. Ione Conlan says:

    HA! WHERE HAVE I BEEN?
    I just discovered you and your work. I just purchased a couple of your books on Amazon, and still trying to figure out how to order an audio tape or CD to give as a gift to a long drive communter.
    (You know we fans over 39 aren’t smooth Internet riders)
    So anyhow would like to have you autograph one of your books, so let me know where I may send to you (can’t seem to manage to reach your book signings) and I’ll take care of the “to and from” shipping. Thanks, and keep up your good show work. IConlan@aol.com