Demand drives up size of Facebook float

Thursday 17 May 2012 11:27 BST

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Facebook has increased the size of its initial public offering by almost 25 per cent, and could raise as much as $16bn (£10bn) as strong investor demand for a share of the social network trumps debate about its long-term potential to make money.

The additional shares will be sold by early investors including the co-founder of PayPal, Peter Thiel, Accel Partners' James Breyer and investment manager Tiger Global Management.

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

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Demand drives up size of Facebook float

Join our commenting forum

Thank you for registering