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Facebook boosts IPO size by 25 percent, could top $16 billion
By Olivia Oran and Alexei Oreskovic
NEW YORK/SAN FRANCISCO |
Wed May 16, 2012 4:55am EDT
NEW YORK/SAN FRANCISCO (
Reuters
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Facebook
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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 ...
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Summary
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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