Google is looking to sell its online business, llbean, to the public.
The online retailer announced on Wednesday that it will make a cash offering of about 50 million shares of its stock.
Google will pay $10.50 for each share, a move that the company said would help it meet its goal of selling its stock by 2021.
llbean has struggled since it launched in 2009 and its share price has plunged more than 80 percent since then.
Google said in a statement that it has been focused on increasing liquidity and reducing its costs, but that it still needs to make certain investments to help it grow its business and maintain a profitable outlook.
llbeans shares rose 1.5 percent to $6.40 on Wednesday.
The company has a market value of about US$3.4 billion.