Holy Hannah! Reuters reports that Facebook is increasing the size of its
IPO by 85 million shares to about 422 million, a source familiar with the
matter told Reuters, raising more than $15 billion in Silicon Valley's largest
market debut.
The increased volume comes just after the world's No. 1
social network hiked its price range to $34 to $38 a share, from $28 to $35
previously. Facebook had originally
intended to sell about 337.4 million shares. At a mid-point of $36, the company
would raise $15.2 billion in one of the largest U.S. initial public offerings
ever….
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