Facebook adds extra 50m shares as IPO value soars
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Facebook has added a further 50m shares to its IPO this week, raising the expected public offering price to as much as $38 apiece, and potentially pushing the social network’s value to over $100bn. The decision, revealed in Facebook’s seventh amendment to its SEC IPO filing, was rumored earlier along with the new price range, which shifts the expected value of shares from $28 – $35 each, to $34 – $38 each. »read more
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