Facebook filed what will most likely be the last of seven amendments to its S-1 filing with the Securities and Exchange Commission on Tuesday morning. The company is expected to stop taking orders for shares tonight and will likely begin trading when Nasdaq opens Friday morning.
Here’s a succinct, just-the-facts list of changes in the latest filing.
- The company now plans to offer an additional 50.6 million shares to cover over-allotments.
- Despite what was called “lackluster demand” on its road show, Facebook raised the share price of its IPO to a range of $34 to $38 per share, from the prior $28 to $35 per share. That means the company could raise as much as $14.7 billion Friday.
- The high end of that range would put Facebook’s valuation at $103 billion. The low-end is $92 billion.
- Facebook, which had initially said it hoped to close its $1 billion acquisition of Instagram by the end of the second quarter, is now saying it hopes to close the deal by the end of the year.