This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Facebook IPO Grows: Should Investors Worry?

NEW YORK ( TheStreet) -- As Facebook's (FB - Get Report) IPO draws ever closer, the social networker has again raised the size of its offering to meet burgeoning investor demand. Or it could be insiders cashing out, knowing there's not much upside left.

Facebook filed an eighth version of its S-1 on Wednesday, increasing the number of Class A common stock from just over 337 million shares to 421.2 million shares. The Menlo Park, Calif.-based firm, which is expected to debut on Friday, added 83,818,263 shares in total.

Facebook is still selling the same 180 million shares in the offering, but selling stockholders are selling 241 million shares, up from 157.4 million, something that investors need to pay attention to. This, however, could be nothing more than increased demand for Facebook's IPO, despite slowing revenue growth and rising costs.

Goldman Sachs (GS - Get Report) has more than doubled the amount it is selling in the offering, according to the filing. It raised its stake from 13.189 million to 28.672 million shares. Venture capital firm Accel Partners also raised the amount of shares it's selling, now at 49 million versus 38.19 million previously.

Russian venture capital firm DST, led by Yuri Milner, nearly doubled the amount of shares it's selling. DST now plans to offer 45.66 million shares, up from 26.25 million.

Peter Thiel, co-founder of PayPal sharply raised the amount of stock he's selling in the offering. Thiel, who was one of the earliest investors in Facebook, is selling 16.8 million shares, up from 7.7 million.

Hedge fund Tiger Global, Mail.ru and venture capital firm Greylock Partners also upped the stakes they are selling.

Facebook raised the offering price of its IPO yesterday, increasing its projected range to between $34 and $38 a share, up from $28 to $35 a share. The company will trade on the Nasdaq under the ticker symbol "FB."

Interested in more on Goldman Sachs? See TheStreet Ratings' report card for this stock.

Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.

-- Written by Chris Ciaccia in New York

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
FB $80.00 -1.48%
GS $186.91 -1.67%
AAPL $126.60 0.15%
GOOG $567.68 -1.33%
TSLA $193.88 -3.36%

Markets

DOW 17,856.78 -278.94 -1.54%
S&P 500 2,071.26 -29.78 -1.42%
NASDAQ 4,927.37 -55.4390 -1.11%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs