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Facebook prices IPO, to raise up to USD 13.6 bln

Friday 4 May 2012 | 07:59 CET | News
Facebook has announced further details of its initial public offering of shares, which will see the social network raise up to USD 13.6 billion. The company will sell 180 million class A shares, and existing shareholders will offer 157.4 million in the offering on the Nasdaq market. The underwrites may purchase another 50.6 million shares for over-allotments if needed. The shares will be offered at a price range of USD 28-35 each. At the midpoint of the range, after underwriter fees, the proceeds for the company alone would be USD 5.6 billion, or USD 5.8 billion if the greenshoe option is

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Categories: Internet
Companies: Facebook
Countries: World
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Comments

How good a long term bet will Facebook be if one person controls most of it? All it takes is one Eureka moment to result in a bad decision which could send the stock plunging.
suraj dias @ 4/5/2012 - 23:48


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