Facebook: 421 Million Shares for $16 Billion
Submitted by Stockmaster3 on Wed, 05/16/2012 - 02:42
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Facebook is going to make a handful of people rich and the rich lucky investors even more rich. Its going to be the IPO of the century.
They have secured the Nasdaq listing of FB, so it will trade as Facebook Inc. (NASDAQ:FB). This just in from Bloomberg:
Facebook Inc. (FB) is boosting the number of shares for sale in its initial public offering to 421 million, letting it raise as much as $16 billion, two people with knowledge of the deal said.
Mastery bets the IPO raises $18 billion. Get ready to buy and sell your first share on May 18th.
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