THE IPO: Facebook’s initial public offering of stock is shaping up as one of the largest ever. The world’s definitive online social network raised $16 billion after pricing its stock at $38 per share on Thursday.

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News Summary: Facebook’s $16B IPO among largest

Facebook’s initial public offering of stock is one of the largest ever. The world’s definitive online social network is raising at least $16 billion for the company and its early investors in a transaction that values Facebook at $104 billion.

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Facebook’s $16 billion IPO one of world’s largest

Facebook’s initial public offering of stock is one of the largest ever. The world’s definitive online social network is raising at least $16 billion for the company and its early investors in a transaction that values Facebook at $104 billion.

Read the original here:
Facebook’s $16 billion IPO one of world’s largest

NEW YORK (Reuters) – A lot of loyal Facebook fans and occasional investors are discovering a hard truth this week: Money and connections talk, especially when it comes to a deal handled by Wall Street. The scramble for shares in what is one of largest initial public offerings in U.S. history quickly divided the haves from the have-nots on Thursday. Those with big brokerage accounts and a long history as customers of Wall Street firms likely got at least part of their orders for Facebook shares filled, but would-be buyers who had no such ties were lucky to get any. …

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Insight: Who got Facebook shares? Fairness may not come into it

The campaign Europe-vs-Facebook, run by an Austrian law student, said Thursday it had gathered the 7,000 comments required for the social networking website to review its privacy policy.

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Europe-vs-Facebook group gathers comments in privacy battle