(MarketingVOX) As it gets set to join the Standard & Poor's 500 Index on Friday, Google said yesterday (Wednesday) that it plans to sell 5.3 million shares, raising approximately $2 billion, reports the Silicon Valley/San Jose Business Journal. Google gained $17.78 to close at $394.98 on Wednesday....

Google's plan was laid out in documents filed with the U.S. Securities and Exchange Commission, and the company expects to use the proceeds for "general corporate purposes, including working capital and capital expenditures, and possible acquisitions of complementary businesses, technologies or other assets," according to the filing, writes CNET.

Google said in the filing that it had "no current agreements or commitments with respect to any material acquisitions." In September, it raised $4.18 billion in what was the largest high-tech secondary sale in nearly a decade, pricing that offering at 295 per share.

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