Mountain View, California – (The Hosting News) – March 31, 2006 – Search engine giant and newly-minted web hosting company, Google Inc., has announced that it intends to issue 5,300,000 shares of its Class A common stock. The offering will partially meet the anticipated needs of index funds to purchase Google Class A common stock when Google is added to the Standard and Poor’s 500 Index at the close of trading on March 31, 2006.
According to the company, proceeds from the offering will be used for general corporate purposes, including working capital and capital expenditures, and possible acquisitions of complementary businesses, technologies or other assets. Goldman, Sachs and Co. will act as the sole underwriter for the offering.
The offering of the shares of Class A common stock may be made only by means of a prospectus, a copy of which can be obtained from the offices of Goldman, Sachs and Co., Prospectus Department, 85 Broad Street, New York, NY 10004.
Google has recently announced that it would deliver a Google web hosting product – named Page Creator.
To learn more, please visit: www.google.com.