Deals
Facebook Seeks Up to $11.8 Billion in Biggest Web IPO
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Facebook Inc., the world’s most popular social-networking site, is seeking as much as $11.8 billion in its initial public offering, the largest on record for an Internet company.
About 337.4 million shares are being sold at $28 to $35 each, according to a regulatory filing from Menlo Park, California-based Facebook. That compares with the 2.92 billion euro ($2.8 billion) IPO for German Internet company T-Online International AG in 2000, according to data compiled by Bloomberg.