Facebook Prices IPO Price Range At $28.00 to $35.00
Facebook has priced its IPO range at $28.00 to $35.00. The deal size is set at 337.4 million shares with the company offering 180 million shares and existing shareholders selling 157 million. The IPO could value the company at up to $74.8 billion.
Reuters is reporting that Facebook founder Mark Zuckerburg will hold or have the ability to control 57.3% of the company's voting power after the IPO.
Facebook also revealed in its filing that the company currently has 901 million monthly active users (MAUs) as of March 31 and that it anticipates its active user growth rate will decline over time.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.