Facebook IPO Range Is Finalized Before Pricing Tonight

Posted on May 17 2012 - 4:27pm by Editorial Staff

Citing the “person familiar with the matter”, CNBC reports that Facebook’s price range for its initial public offering (IPO) has reportedly been finalized. It will not be re-filed with the U.S. Securities and Exchange Commission (SEC) before today’s pricing call. According to the publication, final pricing discussion is currently ongoing and won’t be made until the final bell. Furthermore, to notice once the social giant could still price above the current price expected range (of $34-$38), SEC does not allow companies going public to price again.

Facebook recently filed its eighth amendment and now offering 180,000,000 shares of its Class A common stock and the selling stockholders are offering 241,233,615 shares of Class A common stock. The social giant increased its initial public offering range from $28-$35 to $34-$38 per share, and offered 50.6 million more shares. Calculated some facts and figures based on the amendments (earlier it was rumor), it will be offering some 422 million shares, if we go on an increase in 25% volume value, means the company could now raise anywhere between $14.35 billion and $16.04 billion.

Facebook IPO: Coverage and Analysis

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