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Facebook to Offer 50.6M Extra Shares, Price Range Set at $34 – $38

by Todd Haselton | May 15, 2012May 15, 2012 7:00 am PDT

Facebook Money

Facebook recently added new amendment to its S-1 filing which reveals that it will offer an additional 50,612,302 shares of Class A common stock to “cover over-allotments.” The social network also said that it expects the initial public offering price to fall between $34 and $38, which is in-line with several reports around the web but higher than original estimates. Facebook will offer a total of 337.5 million shares, but the social network has seen less than expected demand from institutional investors, which fear the company is overvalued.

[via TNW]


Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...

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