Facebook Raises $16 Billion in IPO

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May 17 (Bloomberg) -- The social network sold 421.2 million shares at $38 each, a statement today shows. That values Facebook at $104.2 billion, making it the largest company to go public in the U.S. by market capitalization, according to data compiled by Bloomberg and Dealogic. Bloomberg's Domimic Chu reports. (Source: Bloomberg)

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