Facebook to boost IPO by 25 percent

Facebook Inc. is looking to increase its IPO by another 25 percent, that will add another 85 million shares and could value its offering at over $18 billion, reports CNBC.
According to a source familiar with the matter, the social network will be filing papers with the Securities and Exchange Commission (SEC) on Wednesday.
These additional shares will take the size of the new issue from 340 million shares to about 410 million,  a change that “combined with the greenshoe ““ additional shares that could be sold by bankers in the aftermath of the IPO ““ could value the total deal at nearly $20 billion”.
A final decision on the IPO price, expected to be between $34 and $38 is likely to be made on Thursday evening with the company going public on Friday.
Shares are expected to begin trading on Friday on the Nasdaq stock exchange under the “FB” symbol.