Reports are that Facebook will expand its IPO by 25 percent. It is believed that the number of shares the social network will release will increase from 337.4 million to 422 million to satisfy investor demand.
Combined with the decision to raise the IPO price range from $28-$35 to $34-$38, Facebook is now looking at an IPO worth $16 billion, which would be the third largest in history behind Visa Inc. and General Motors. With 422 million shares at a mid-point value of $36, the company would see value between $93 billion and $104 billion, around the same level as Amazon.
Source: Reuters
