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May 3, 2012 11:35 pm GMT
Facebook just posted a fith amendment to its IPO filing, confirming the price range for its stock at IPO, how much it will raise, and noting the future threat of patent lawsuits from Yahoo over hardware in Facebook's Open Compute Project. The company is selling 180,000,000 shares of Class A common stock and is pricing them at $28-$35. That means they're raising between $5 and $6.3 billion.On top of that, existing shareholders are selling157,415,352 shares.Here's the excerpt:
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/f0l9x67QnFU/
Facebook S-1 Confirms IPO Share Price Of $28-$35, Raising $5B To $6.3B, Hardware Patent Lawsuit Threats
Facebook just posted a fith amendment to its IPO filing, confirming the price range for its stock at IPO, how much it will raise, and noting the future threat of patent lawsuits from Yahoo over hardware in Facebook's Open Compute Project. The company is selling 180,000,000 shares of Class A common stock and is pricing them at $28-$35. That means they're raising between $5 and $6.3 billion.On top of that, existing shareholders are selling157,415,352 shares.Here's the excerpt:Facebook, Inc. is offering 180,000,000 shares of its Class A common stock and the selling stockholders are offering 157,415,352 shares of Class A common stock. We will not receive any proceeds from the sale of shares by the selling stockholders. This is our initial public offering and no public market currently exists for our shares of Class A common stock. We anticipate that the initial public offering price will be between $28.00 and $35.00 per share.This confirms the earlier pricing that we posted about today. We had a more specific range than The Wall Street Journal or The New York Times, saying the price was at $27-$35. We were off by a dollar, but they said 'high 20s to mid 30s' in their original stories.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/f0l9x67QnFU/
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