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It's Facebook (Initial Public Offering) IPO Week

Written By David D'Angelo on Tuesday, May 15, 2012 | 5/15/2012

Facebook who is now worth around $100 billion will be filing its Initial Public Offering (IPO) this week.  The company who was dubbed as the world's largest social network will be selling 180 million shares of its company stock and 157 million shares will be up for grabs.

Facebook now has about 901 million users and is seem to be destined as the most valuable U.S. tech company after going IPO this Friday.  Stocks could be sold as early as Thursday.

Top investors are eyeing to win big in Facebook's IPO.  Accel Partners, Digital Sky Technologies, Goldman Sachs, Greylock Partners and other early backers are among the investors expected to win big. Goldman Sachs plans to sell 13.2 million shares, according to PIonline.com. Reports also state Accel Partners will sell about $1.3 billion worth of stock while Digital Sky Technologies will sell 157.4 million shares.

30.2 million personal shares of Facebook CEO Mark Zuckerberg will also be offered to the public.  Initial shares are priced from $28 to $35.  One of the most prominent personality who would be buying Facebook shares is Apple co-founder Steve Wozniak.  Wozniak already showed support during a TV interview.






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