Google's Secondary Offering: Dollars and Sense
Google has filed for a secondary offering of 14,159,265 shares (the number is an expansion of Pi following the initial 3 and decimal point) amid speculation of planned acquisitions or business expansion.
Actually, there probably is nothing grandiose in the works along the aquisitions or new businesses line. Or if there is, it isn't relevant to this offering. (Google would have done it anyhow.)
The people running Google are very smart (whatever else they may be, and cute would certainly seem to apply considering the number of shares in the offering).
This secondary offering is simply a matter of good business sense. If I had a company as richly valued as Google, I'd happily cash a bit out - and exchange equity for dollars and cents.
Posted by Harold Davis at August 19, 2005 10:55 AM
