Facebook ups IPO again -- this time with more shares
Facebook today revealed that it will be offering more Class A common stock than initially anticipated, in a move that bulks up its breathlessly awaited IPO by almost 25 percent.
In a revised S-1 Registration Statement filed with the Securities and Exchange Commission this morning, Facebook said that it will now offer 421.2 million shares of class A stock when it goes public on Friday. The company has also upped the amount of shares it will allow for overallotment from 50.6 million to 63.2 million. All told, the company could offer 484.4 million shares when it more
