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In a filing submitting to the Securities and Exchange Commission (SEC), daily-deal company Groupon revealed that it could raise upwards of US$621 million when it goes public.
Just days ahead of its rumoured going public date of May 18, Facebook Inc. has increased its IPO offering, in hopes of raising more than US$12 billion.
According to a report by the International Financing Review (IFR), Facebook is set to submit paperwork to regulators today for a US$5 billion initial public offering (IPO).
Sources familiar to the matter have told the Wall Street Journal that Facebook Inc. could file its initial public offering (IPO) paperwork as early as Wednesday, and the company could end up being valued between US$75 billion-US$100 billion.
As we reported yesterday, it looks more and more like Facebook (FB) will go public later this month. Now, several sources say that the company is hoping to raise as much as US$12 billion for its IPO.