Facebook recently filed eighth amendment state that the social giant will offer 180,000,000 share of its Class A common stock and the selling stockholders are offering 241,233,615 shares of Class A common stock. Furthermore, some of social giant’s biggest shareholders are now selling as much as half of their stakes in the company. CNBC reports that under the U.S. Securities and Exchange Commission’s rules, Facebook can still price up to 20 percent above that range with $45 representing an absolute maximum.
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