Facebook, Investors to Raise $3.85 Billion in Share Sale
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Facebook Inc., in its first stock offering since going public last year, said the company and stakeholders are selling $3.85 billion worth of shares.
Facebook priced 70 million shares at $55.05 apiece, according to a statement yesterday. About 27 million will be offered by the company, with an additional 41.35 million by Chief Executive Officer Mark Zuckerberg, who will use most of the cash to pay taxes incurred from exercising options.