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According to an amended registration document, Facebook (FB) will now offer over 421 million shares to investors. That is around 83.8 million shares more than originally offered, which would work out to another $3.19 billion in proceeds if Facebook prices at the top of its $35-$38 per share offering range.
The entire offering now would raise over $16 billion at the $38 per share price, which would make it the largest-ever technology IPO. The current leader is AT&T Wireless, which raised over $10 billion in 2010. It also would become the third-largest IPO ever on a U.S. exchange, following Visa's (V) $19.65 billion offering in March 2008 and General Motors (GM) raising $18.145 billion in November 2010.
is this really a practical move for facebook?