First Wave of GOOG Lockups Expire Today

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…

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.

Author: John Battelle

A founder of NewCo (current CEO), sovrn (Chair), Federated Media, Web 2 Summit, The Industry Standard, Wired. Author, investor, board member (Acxiom, Sovrn, NewCo), bike rider, yoga practitioner.

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