Reuters: Technology News: Facebook expands IPO size, aims for $15 billion: source

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Facebook expands IPO size, aims for $15 billion: source May 16th 2012, 01:18 Tweet Share this Email Print Related News Facebook increases IPO range to raise $12.1 billion 6:07pm EDT Scared of Facebook shares? Wager on Friday's close 4:31pm EDT Facebook to close IPO books two days early: source Mon, May 14 2012 Facebook IPO has halo effect for venture capitalists Mon, May 14 2012 California budget hole deepens to $16 billion: governor Sun, May 13 2012 Analysis & Opinion Facebook winning Keynesian beauty contest Are you seriously thinking of buying Facebook shares? The Facebook logo is shown at Facebook headquarters in Palo Alto, California May 26, 2010. Credit: Reuters/Robert Galbraith SAN FRANCISCO | Tue May 15, 2012 9:18pm EDT SAN FRANCISCO (Reuters) - Facebook Inc is increasing the size of its IPO by 85 million shares to about 422 million, a source familiar with the matter told Reuters, raising more than $15 billion in Silicon Valley's largest market debut. The increased volume comes just after the world's No. 1 social network hiked its price range to $34 to $38 a share, from $28 to $35 previously. Facebook had originally intended to sell about 337.4 million shares. At a mid-point of $36, the company would raise $15.2 billion in one of the largest U.S. initial public offerings ever. (Reporting by Olivia Oran; Editing by Paul Tait) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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