20,000,000 New Palm Shares to Earn $313.1 Million

According to a recent article on IntoMobile it seems that Palm are now offering shares to help raise funds to pump into new products and their webOS, the money raised should help Palm compete with Apple.

In total Palm are offering 20,000,000 new stock shares, these shares are currently available for $16.25 per share, if Palm manage to sell all of their stocks they will raise $313.1 million, which should help future developments.

Personally I think I will pass on the Palm shares, especially with the handset market being so competitive these days, however who knows it could be a great investment, check out IntoMobile for more details or see Palms press release here.

Will you buy Palm Shares?