Facebook reported to boost IPO by 25%

Facebook is boosting the number of shares for sale in its initial public offering to €421 million, letting it raise as much as $16 billion, two people with knowledge of the deal said.

16th May, 2012
Facebook is gearing up for the largest-ever IPO of a technology company. Its chief executive Mark Zuckerberg turned 28 this week.

Facebook is boosting the number of shares for sale in its initial public offering to €421 million, letting it raise as much as $16 billion, two people with knowledge of the deal said.

The world’s largest-social networking website is increasing by 25 per cent an offering that was initially set at 337.4 million shares, the people said, asking not to be identified because the change hasn’t been publicly disclosed.

Facebook, gearing up for the...

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