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Facebook (FB) officially sets its IPO price range at $28-$35 in a new S-1. The company plans to...

  • Thursday, May 3, 2012, 3:50 PM ET
    Facebook (FB) officially sets its IPO price range at $28-$35 in a new S-1. The company plans to sell 337.4M shares (180M in new shares, 157.4M from insiders) for a total offering size of $9.45B-$11.8B, higher than many expected. Mark Zuckerberg will sell 30.2M shares. The over-allotment option is 50.6M shares. Facebook's expected valuation range is $77B-$96B after factoring in restricted shares and options. IPO plays are following the tech sector lower: GSVC -3%. SVVC -3.1%.
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This news story has 3 comments:

  •  
    just? still overpriced. They have very little growth left in them.
    3 May 2012, 04:54 PM Reply Like
  •  
    There's things in the pipeline...they'll be fine...
    3 May 2012, 05:41 PM Reply Like
  •  
    When can we buy shares exactly?
    4 May 2012, 04:17 AM Reply Like
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