Facebook to price IPO, demand seen strong
NEW YORK (Reuters) - Facebook Inc is expected to price its initial public offering to raise more than $16 billion on Thursday, as strong demand, particularly from retail investors, fuels anticipation for a big pop in the stock when it begins trading on the Nasdaq. Predictions on how much the stock will rise on Friday vary greatly, with some experts saying anything short of a 50 percent jump will be disappointing given the hype over what would be the third-largest initial share sale in U.S. history, after Visa Inc and General Motors Co. ...
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