Reuters
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Facebook boosts IPO size by 25 percent, could top $16 billion
Wed, May 16 16:09 PM EDT

By Olivia Oran and Alexei Oreskovic

NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc increased the size of its initial public offering by almost 25 percent, and could raise as much as $16 billion as strong investor demand for a share of the No.1 social network trumps debate about its long-term potential to make money.


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