US-based internet company Google has generated at least $7.5bn of value through its corporate venturing arm Google Ventures and growth equity fund Google Capital, according to The Street.
The report cited a research note by financial services firm SunTrust, which included an estimate that Google possesses $10bn of hidden assets, equating to approximately $14 per share, comprising its investments through the units as well as acquisitions.
Last month alone, Google Ventures took part in digital payments company Ripple Labs’ $30m series A round, e-commerce company Jet’s $140m series B round, and a $1bn round for space transport services company Space Exploration Technologies (SpaceX).
Google also has some $64bn in cash reserves, and investors reportedly are increasingly anxious to receive a dividend. If Google were to offer the technology industry average dividend of 2%, it would pay out about $10 per share, or $7bn in total.