Facebook hopes to raise more than $10 billion in IPO: source

Reuters News
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Posted: May 03, 2012 3:51 PM

SAN FRANCISCO (Reuters) - Facebook Inc is aiming to raise more than $10 billion in its initial public offering, a source familiar with the situation said on Thursday.

A Facebook spokesman declined to comment.

(Reporting by Alistair Barr; editing by Andre Grenon)