Facebook has announced that it will be selling an extra 50.6 million shares, at a price likely to fall between $34 and $38 per share, reports TechCrunch. That should snag them at least another $13.1 billion—and probably push their final valuation north of the expected $100 billion.
The extra release of 50,612,302 shares will be offered to underwriters to cover over-allotments. In total, that will mean that Facebook is now selling 388 million shares.
It’ still not worth buying one, though. [TechCrunch]
https://gizmodo.com/buying-one-share-of-facebook-stock-is-a-total-rip-off-5910225
Image by west.m under Creative Commons license
