Facebook Adds 96 Million Shares to IPO, Raising Value to $18.4bn

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Submission + - Facebook Adds 96 Million Shares to IPO, Raising Value to $18.4bn (ibtimes.co.uk)

Submitted by AlistairCharlton on Wednesday May 16, 2012 @08:34AM

AlistairCharlton writes: Facebook has made yet another amendment to its S-1 filing, adding a further 96 million shares, pushing its initial public offering up to a potential maximum of $18.4bn (£11.5bn).

In what is the eighth amendment to its S-1 filing with the Securities and Exchange Commission, Facebook has also increased the number of shares allowed for over allotment, up from 50.6 million to 63.2 million.

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