Folks Seem To Like It, So Facebook Boosts Size Of Stock Offering By 25 Percent | WAMU 88.5 - American University Radio

NPR : News

Filed Under:

    Folks Seem To Like It, So Facebook Boosts Size Of Stock Offering By 25 Percent

    The hoopla continues over Facebook's initial public offering of stock, with word that the social media giant has increased the size of Friday's IPO by 25 percent.

    According to a statement filed with the Securities and Exchange Commission earlier today, the company now plans to sell 421 million shares — up from the previous estimate of 337 million. According to Reuters, at 421 million Facebook's IPO would be the third largest in U.S. history, after those of Visa Inc. and General Motors.

    Tuesday, as we reported, Facebook said it was responding to high demand for the shares with an increase in the expected price, to between $34 and $38 per share from the original estimate of $28 to $35.

    If the shares sell at the high end of the new range, Facebook would raise about $16 billion.

    As we've also reported, though, it's going to be next to impossible for small investors to get their hands on the stock at its initial offering price — and there's word that General Motors is going to stop advertising on the website because it questions the effectiveness of such ads.

    Related posts from our friends at Planet Money:

    -- Pizza Delicious Bought An Ad On Facebook. How'd They Do?

    -- Is Facebook Worth $100 Billion?

    And from Tell Me More: Buying Facebook? Investing 101 For Newbies.

    Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

    WAMU 88.5

    Art Beat With Lauren Landau, July 30

    You can keep things old school with a classic musical and an exhibit featuring watercolor paintings from the 1800s.

    NPR

    Farming The Bluefin Tuna, Tiger Of The Ocean, Is Not Without A Price

    Scientists are trying to raise prized bluefin tuna completely in captivity. An experiment at a Baltimore university is the first successful attempt in North America.
    NPR

    Senate's Highway Trust Fund Bill Sets Up Conflict With The House

    A short-term fix for the nearly empty Highway Trust Fund is a step closer to President Obama's desk. Congress has been talking about the long-term problems with the construction account, but the two chambers have not agreed on a long-term solution.
    NPR

    Some Loyal Foursquare Users Are Checking Out After Swarm Spinoff

    Backlash to the company's move to break its app in two is costing it the users that loved Foursquare the most. "Why do I need two apps when I had one that provided both services?" asked one user.

    Leave a Comment

    Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.