News Facebook Increases IPO To 4212M Shares

Facebook on Wednesday increased the size of its initial public offering to more than 400 million shares, one day after it raised the IPO's expected price range. The social-networking company now intends to offer 421.2 million shares, up from the 337.4 million previously expected.

• 2012-05-16T20:05:36+00:00
• Duration: 04:49

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