Some insider sources state that Facebook, the world’s most popular social networking portal has gently enhanced the price range of its Initial Public Offering and it has been raised to an additional $12 Billion, and Facebook is still reportedly considering closing down the books 2 days ahead of the schedule even the demand has gone stronger.
The price per share has increased from the original one of $28 to $35 per piece, and now it has been up to $34 to $38, as per the Gaurdian’s srouces, which makes the total valuation of Facebook’s IPO in so far as $104 billion
There are rumors that Facebook will be able to sell out tits share with extreme ease – but the point here is that who precisely it will be selling it shares to and who have been swirling as even before the portal’s investors venture commenced earlier May. The demand for the shares have been apparently very strong, with a large number of investors still too interested in what Facebook is offering them, even institutional investors are in the league too but major demand has been made from the individual investors.
What’s more in here is that Facebook is all set to close its entries later by today, which is ahead of the schedule though. All in all, 337.4 million shares will be offered by Facebook; however, there has been no comments made until now on the increase in price for the shares by any Facebook’s spokesman.
Some of the prospects made a point about the Facebook’s CEO and founder Mark Zuckerberg as he has been always in a casual dress code, and accusing him for the fact that he will be retaining mainstream control over the corporation even after it has been public.