Following up on this post, the prospectus supplement for Google’s offering of 5.3 million shares of its Class A common stock is now available on the SEC’s website (here). The deal was priced on March 31 at $389.00 per share for a total of $2.066 billion. Interestingly, Goldman was the sole underwriter and received a flat fee of $1 million for underwriting the deal. There was no underwriting discount. Anyone know how Google was able to manage that?
The deal apparently closed on April 5. So that means the initial filing was made on March 29, and Google banked the $2 billion a mere seven days later while paying an underwriter’s fee of less than 0.05% of the gross proceeds. Nice!