By Olivia Oran and Alexei Oreskovic NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc will increase the size of its initial public offering by 25 percent, a source familiar with the matter said, and could raise as much as $16 billion as strong investor demand for a share of the No.1 social network trumps debate about the company's long-term potential to make money.
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Reuters, Huffington Post: Business
Tue, 05/15/2012 - 6:17pm
Topics: olivia oran alexei oreskovic new york/san francisco reuters general motors mark zuckerberg harvard visa inc max wolff greencrest capital brian wieser pivotal research silicon valley google inc amazon hewlett-packard co dell inc wedbush securities michael patcher ceo zuckerberg china's renren inc pandora media inc zynga inc long-term growth before apple inc instagram u.s federal trade commission twitter nasdaq morgan stanley jpmorgan goldman sachs tanya agrawal edwin chan maureen bavdek matthew lewis richard chang ryan woo ian geoghegan reuters facebook ipo gm group google internet wall street billion price revenue company shares range percent times offering million tuesday social demand strong share increased source analyst earnings initial public network familiar potential mobile users raise money investors matter debut midpoint trading advertising roughly noting valuation told announcement filing part friday week coupled months raised
BING NEWS:
- Despite recent successes, IPO market still won't fully open until 2025
"I don't think we will have the floodgates open like I might have thought," Greg Martin, co-founder and managing director at Rainmaker Securities, told TechCrunch. Jeremy Glaser, a lawyer and co-chair ...
05/3/2024 - 7:09 am | View Link - The Protocol: Analyzing Runes Impact as Bitcoin Fee Bonanza Fades
Last week's once-every-four-years Bitcoin halving came and went – just as Satoshi Nakamoto programmed it 15 years ago. But the big surprise was ...
04/24/2024 - 6:46 am | View Link - History of Facebook: Facts and What's Happening
May 2005 - Facebook expands to over 800 college campuses ... May 2012 - Facebook releases their IPO - which raised $16 billion and gave the company a $102.4 billion market value.
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