Yesterday we heard that Facebook had increased the number of shares that they were making available for their IPO, and again today Facebook has increased the number of shares that will be available to purchase.
Facebook will now be offering an a total of 421 million Class A shares, and that means with the total shares available Facebook could end up raising a massive $16 billion.
We and the selling stockholders have granted the underwriters the right to purchase up to an additional 63,185,042 shares of Class A common stock to cover over-allotments”
Facebook are now offering over 421 million shares in their IPO which takes place this Friday the 18th of May.
Source SlashgearFiled Under: Technology News