CNBC: Facebook to increase IPO size, value to $18.5B
Posted on May 15, 2012 at 20:36 PM EDT
Facebook plans to increase the size of its IPO by 85 million shares, says someone familiar with the matter, a move that could value its upcoming offering at as much as $18.5 billion. The social network’s 25 percent upsize plan will be filed with regulators at the U.S.
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