Facebook Expands IPO as Accel, Goldman Sachs Sell More Stock

Facebook Inc. investors such as Accel Partners and Goldman Sachs Group Inc. increased the number of shares they’re selling in the social network’s initial public offering, boosting the sale to as much as $16 billion.

Existing holders will offer 241.2 million shares, bringing the total on offer to 421.2 million, a regulatory filing today shows. Accel, the biggest seller in the IPO, raised the amount it’s selling by 28 percent, while Goldman Sachs more than doubled its shares on offer.