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May 16, 2012 03:08 pm GMT
Facebook is revising hard and fast in the lead-up to Friday when it is expected to ring in the Nasdaq bell and go public. In short, every revision is continuing to gradually push up the value of the company. Today's S-1 filing has increased Facebook's share offering to421,233,615 shares of Class A common stock --83,818,263 shares more than yesterday's S-1, which had337,415,352 shares of Class A common stock.With the additional shares, the company could now potentially raise up to $16 billion when it goes public, according to Reuters. Facebook is holding on the $34-38 price range. It will be trading on the Nasdaq as FB.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/bR6RIGDo2wY/
Facebook Revises S-1 Again: Adds 83,818,263 Shares Of Class A Stock, Could Raise $16B
Facebook is revising hard and fast in the lead-up to Friday when it is expected to ring in the Nasdaq bell and go public. In short, every revision is continuing to gradually push up the value of the company. Today's S-1 filing has increased Facebook's share offering to421,233,615 shares of Class A common stock --83,818,263 shares more than yesterday's S-1, which had337,415,352 shares of Class A common stock.With the additional shares, the company could now potentially raise up to $16 billion when it goes public, according to Reuters. Facebook is holding on the $34-38 price range. It will be trading on the Nasdaq as FB.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/bR6RIGDo2wY/
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