Facebook’s Latest IPO Coverage

Facebook posted a fifth amendment to its IPO today, revealing that it will be selling 180M shares of Class A stock at $28-35. This means the company will be raising between 5 and $ 6.3 billion. Also, existing shareholders are selling 157,415,352 shares.

The amendment itself states:

Facebook, Inc. is offering 180,000,000 shares of its Class A common stock and the selling stockholders are offering 157,415,352 shares of Class A common stock. We will not receive any proceeds from the sale of shares by the selling stockholders. This is our initial public offering and no public market currently exists for our shares of Class A common stock. We anticipate that the initial public offering price will be between $28.00 and $35.00 per share.

You can check out the IPO amendment here.


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