Investors are still infatuated with all things tech: Facebook’s upcoming initial public offering — expected to take place on Friday — is already oversubscribed following executives’ road show to gin up interest among institutional investors. And this morning the company said in an SEC filing that the offering price will be between $34 and $38 a share, up from its previous range of $28 to $35. The new high price would value Facebook at $104B, up from the previous high of $96B. The Class A shares being offered to the public will have one vote apiece while the Class B shares, held by insiders, have 10 votes. As a result, founder Mark Zuckerberg will control 57.3% of the votes after Facebook goes public.
Facebook Boosts Share Offering Price, Potentially Valuing Company At $104B
What's Hot on Deadline
CBS Renews 5 Freshman & 11 Returning Series, Including 'MacGyver', 'Superior Donuts', 'Life In Pieces' & 'Hawaii Five-0'
Veterans 'Elementary', '2 Broke Girls', 'Criminal Minds' & 'Amazing Race' Among Series Left In Limbo After CBS Renewals
Latest Film News
- Bruna Papandrea’s Made Up Stories Lands First Book: ‘The House On Langley Lake’
- Maika Monroe & Jeremy Allen White To Star In Hannah Marks-Helmed ‘Shotgun’
- Greg Kinnear Attached To Star in Ken Kwapis’ ‘Piano Lessons’
- About 75% Of Screens Receive Movies Via Satellite, Digital Cinema Group Says
- Lionsgate Taps ‘Highlander’ Creator Gregory Widen To Script Film On First Black Samurai
- Connor Swindells Joins Gerard Butler & Peter Mullan In ‘Keepers’