Facebook Increases Ipo Shares

Facebook Inc.  on Wednesday boosted the size of its initial public offering to more than 400 million shares as major michael kors handbags
stockholders, including Chief Executive Mark Zuckerberg, sharply increased the number of shares they intend to offer as part of the IPO.
The social-networking firm now expects to offer 421.2 million shares, up from the 337.4 million shares previously expected.
The 28-year-old Mr. Zuckerberg, who founded Facebook out of his Harvard University dorm room in 2004, now intends to offer 126 million shares in the IPO, nearly doubling his planned sales. His voting stake will now stand at 55.8%, versus the 57.3% previously projected.
Directors James Breyer michael kors outlet
 and Peter Theil also are increasing their planned sales.
The company on Tuesday raised the expected share price to a range of $34 to $38 a share from the $28 to $35 previously targeted. With a target valuation of as much as $104 billion, michael kors
Facebook would be the most highly valued IPO for an American company.
The company will pick a final price within the new range and file its final IPO documents with the Securities and Exchange Commission Thursday evening, before its first day of trading Friday on the Nasdaq Stock Market. www.michaelkorshandbagsoutletweb.com
mengwawa1010 mengwawa1010
31-35, F
May 16, 2012