All 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.