Google Sells Additional IPO Stock

Google Inc., the most popular Internet search engine, said Friday that it boosted the size of its initial public offering to $1.92 billion through the sale of additional shares.

The Mountain View, Calif.-based company sold 2.94 million shares at $85 each to the underwriters of its IPO, which was led by Morgan Stanley and Credit Suisse First Boston.

Companies often exercise the right to sell additional shares in their IPO. Google and its insiders sold a total of 19.6 million shares Wednesday at $85 each after a six-day Web auction.

Google rose $7.98, or 8%, Friday to $108.31 on Nasdaq. That put the stock within the $108-$135 range that Google initially projected for its offering.