By
Natraj Muthukrishnan on 25 January, 2010, 5:14 pm
Shares to kill for are here! Yes, the number one company in so many fields, the number one internet company, the best place to work for in a series of surveys over last few years and the company which has surprised everyone with its growth curve ever since it began its operation in a small place in California, USA , the mother of all internet companies, Google is planning to give out more shares for people to buy.
Founders of the internet giant, Larry Page and Sergey Bin plan to sell out about 10 million of the company’s shares over the next five years, the company said in a regulatory filing on Friday.
Page and Brin currently own about 57.7 million shares of Google ’s Class B common stock–roughly 18 percent of Google’s outstanding capital stock and about 59 percent of the voting power of Google’s outstanding capital stock.
If the two founders both sell 5 million shares as planned, they would own about 47.7 million shares, which would represent around 15 percent of Google’s outstanding capital stock and 48 percent of the voting power of Google’s outstanding capital stock.
Investors , wait with your fingers crossed!!
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