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Confirmed: Facebook to go public at $38 per share in the largest Internet IPO ever

Facebook has, since its first filing, both raised the price of its offering, and the number of shares that it is releasing:

  1. Earlier this week, Facebook set a share price range of between $34 and $38, which was itself hiked up from a prior $28-$35 range.
  2. After boosting its IPO size with almost 25% just yesterday by offering 84 million extra shares, a total of 421,233,615 shares will be sold in the offering.
  3. Facebook’s IPO to release around 18% of the company to the public.

 

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