Home
Social networking
Social networking News
Facebook raises size of IPO by 25 percent as investors clamour for shares

Facebook raises size of IPO by 25 percent as investors clamour for shares

By Associated Press | Updated: 5 June 2012 00:29 IST

Highlights

Facebook's owners now plan to sell 25 percent more shares in the company as investors clamour for shares.

Facebook's owners now plan to sell 25 percent more shares in the company as investors clamour for shares in the year's hottest stock offering.

Facebook says in a regulatory filing that it will now sell about 421 million shares. That's up from 337 million previously. That doesn't include more than 60 million additional shares that could be sold to cover excess demand.

If all the shares are sold at the high end of the expected price range, the offering could total more than $18 billion. That would make Facebook one of the largest IPOs ever.

The increased size signifies heavy investor demand for the shares. It comes a day after Facebook raised the price range it expects for the stock.

The offering is expected to set the final price Thursday evening. Shares would start trading Friday.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Facebook, Facebook IPO, Facebook shares, Mark Zuckerberg

Facebook raises size of IPO by 25 percent as investors clamour for shares

Related Stories