Comment on Facebook IPO And The California Budget: Company's Public Offering Could Generate $2.1 Billion

Facebook IPO And The California Budget: Company's Public Offering Could Generate $2.1 Billion

SACRAMENTO, Calif. -- Facebook's public stock offering this week is projected to generate between $1.6 billion and $2.1 billion through mid-2013 for California's budget as shareholders cash in their shares.The nonpartisan Legislative Analyst's Office on Tuesday increased the state's revenue projection after the online social network raised the upper range of its initial stock price from $35 per share to $38.Read More... More on Facebook

 

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