Facebook offers an extra 50 million shares to investors

Those looking to invest in the social network will be happy to know that they have now bumped their total share offering to just below 337,500,000 shares.

Facebook had this to say:

We and the selling stockholders have granted the underwriters the right to purchase up to an additional 50,612,302 shares of Class A common stock to cover over-allotments.

We anticipate that the initial public offering price will be between $34.00 and $38.00 per share.

(source)

 We will be able to tell how much the company will make on Friday when the shares go live for sale. And we’ll be watching patiently as they turn an ‘idea’ into a long-term business, and speculating about the effects it will have on the social media scene.
Posted in:

Leave a Reply