Facebook set a proposed price range of $28 to $35 per share for its highly anticipated initial public offering. In an amendment to its IPO filing with the Securities and Exchange Commission, the social media giant said it will sell 337.4 million shares. Read the full story at Fox Business.
Chinese social network Renren has priced its its initial public offering of shares at $14 per share, with a total offering size of $743.4 million. The price per share falls into the high range that the Street expected, which was $12... Read Post
Chinese e-commerce giant Alibaba increased its valuation to $130 billion in an amended filing with the Securities and Exchange Commission, less than a month from the company’s initial public offering. Read Post