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Two words to insiders of FB: too greedy. I am wondering if we still can get the normal IPO price pop-up on the 1st trading day.
Facebook ups IPO size by 85 million shares:
HONG KONG (MarketWatch) -- Facebook Inc. plans to increase the size of its initial public offering by 85 million shares to about 422 million, in a move that could raise the size of its upcoming offer to more than $15 billion, Reuters reported Tuesday, citing a source familiar with the matter. The social network website plans to sell the shares in an indicative range of $34 to $38 apiece, having increased it from an earlier range of $28 to $35 a share. At the mid-point of its current range, or $36, the company will raise $15.2 billion. Facebook plans to file the increased offering size with the U.S. Securities and Exchange Commission on Wednesday morning, CNBC reported separately, citing someone familiar with the plan. |
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