Google files to sell 14.2 million shares

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Google files to sell 14.2 million shares

Google on Thursday said it has filed with the Securities and Exchange Commission to sell 14.2 million shares of class A common stock, an offering worth more than $4 billion at Wednesday’s closing stock price.

Shares of Google, which have more than tripled since going public a year ago, closed Wednesday at $285.10 on the Nasdaq Stock Market, giving the offering an estimated value of $4.04 billion.

Read the complete story. (Yahoo, AP)