Facebook Plans To Stop Taking IPO Orders Tomorrow

Posted on May 14 2012 - 11:31am by Editorial Staff

With early rumors seems not be hitting so hard, citing the “source”, Bloomberg is reporting that the social giant from tomorrow will not take order of its initial public offering, which is two days ahead of actual schedule. Facebook is offering about 337 million shares at $28 to $35 each.

Facebook initially planned to finish taking orders on May 17, according to the data compiled by Bloomberg show. The shares will be listed on the Nasdaq Stock Market under the symbol FB. Morgan Stanley (MS), JPMorgan Chase & Co. (JPM) and Goldman Sachs Group Inc. (GS) are the lead managers for the sale.

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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.