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    Facebook's IPO already oversubscribed: source

    Thu, 05/10/2012 - 22:17 EDT - Yahoo! Business News
    • YahooBizNews

    Investor holds prospectus explaining Facebook stock after attending show for Facebook Inc's initial public offering at the Four Season's Hotel in BostonSAN FRANCISCO (Reuters) - Facebook Inc's record initial public offering is already oversubscribed, a source familiar with the share listing said, days after the world's largest social network embarked on a cross-country roadshow to drum up investor enthusiasm. Despite concerns about slowing growth, a lofty valuation and signs the company is having trouble ramping up revenue from mobile advertising, institutional investors have so far indicated demand for more shares than Facebook has available, the source told Reuters. Analysts say the company, which is seeking to raise about $10. ...

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    • Facebook's IPO already oversubscribed: source

      SAN FRANCISCO (Reuters) - Facebook Inc's record initial public offering is already oversubscribed, a source familiar with the share listing said, days after the world's largest social network embarked on a cross-country roadshow to drum up investor enthusiasm.

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      SAN FRANCISCO (Reuters) - Facebook Inc's record initial public offering is already oversubscribed, a source familiar with the share listing said, days after the world's largest social network embarked on a cross-country roadshow to drum up investor enthusiasm.

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