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MOUNTAIN VIEW, Calif. (AP) - Google Inc.'s shares rose slightly Thursday to remain above the $295 price set in the Internet search engine leader's first sale of stock since its closely watched initial public offering last year.
The follow-up offering of 14.16 million shares, completed late Wednesday, raised $4.18 billion. After paying its investment bankers, Google will pocket $4.11 billion, leaving the Mountain View-based company with $7.06 billion in cash.
The buyers of the offering, who got a discount on Google's market price, already have a small paper profit. Google's shares rose 53 cents Thursday to close at $302.62 on the Nasdaq Stock Market.
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