Facebook (FB) IPO Already Oversubscribed - Reports
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Well that didn't take long.
The Facebook (Nasdaq: FB) IPO is apparently already oversubscribed, a source told Reuters.
Despite growth and valuation concerns, institutional investors are hungry for the deal and could push the $28-$35/share expected price range higher.
Facebook plans to offer 337 million shares in the IPO that is expected to debut on May 18th. The initial valuation could come in north of $100 billion.
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The Facebook (Nasdaq: FB) IPO is apparently already oversubscribed, a source told Reuters.
Despite growth and valuation concerns, institutional investors are hungry for the deal and could push the $28-$35/share expected price range higher.
Facebook plans to offer 337 million shares in the IPO that is expected to debut on May 18th. The initial valuation could come in north of $100 billion.
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