Facebook set for massive flotation

Facebook is heading for one of the biggest ever US stock flotations when it sells hundreds of millions of shares to the public.

Facebook set for massive flotation
Thu, 17 May, 2012 - 13:21

Facebook is heading for one of the biggest ever US stock flotations when it sells hundreds of millions of shares to the public.

The social networking site is expected to launch its initial public offering (IPO) on the Nasdaq Stock Market tomorrow, raising a projected $16bn (€12.57bn) or more.

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