Facebook boosts IPO size

2012-05-16 16

Facebook on Wednesday increased the size of its initial public offering of shares by 25 percent.

The additional shares will be sold by early investors including PayPal co-founder Peter Thiel, Accel Partners' James Breyer, investment manager Tiger Global Management and Goldman Sachs, the company said in a filing.

The company itself has not increased the number of shares it will sell.
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