[Reuters] Facebook boosts IPO size by 25 percent, could top $16 billion
- 05/16/12 05:14 AM
NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc will increase the size of its initial public offering by 25 percent, a source familiar with the matter said, and could raise as much as $16 billion as strong investor demand for a share of the No.1 social network trumps debate about the company's long-term potential to make money.