Facebook plans to raise $10.6 billion in mega IPO

May 04, 2012 13:41

Facebook Inc aims to raise about $10.6 billion in Silicon Valley's largest IPO, dwarfing the coming-out parties of tech companies like Google Inc and granting the world's largest social network a market value close to Amazon.com's.

Read the full report on Reuters.

Also read on Rediff.com: Facebook gets ready for IPO, sets price range at $28 to $35

« Back to LIVE

TOP STORIES

Top Mumbai school axes principal over social media activities

Shaikh, the principal of Somaiya School in Mumbai's Vidyavihar area, described her "termination" from the post as "completely illegal, drastic and unwarranted" and expressed shock over the "politically motivated" action.

Glorification of violence: India slams Canada over Khalistani float in parade

India also accused Canada of allowing "celebration and glorification" of violence, expressing concerns over the security of Indian diplomats in that country, and said it expects Ottawa to ensure that they are able to carry out their...

Mayawati sacks nephew Akash as party co-ordinator, heir

Announcing it on X, the former Uttar Pradesh chief minister said she has taken the decision in the interest of the party and the movement and till the time Anand gains "full maturity".

In Pictures - Modi to Kharge, famous faces at polling booths

Prime Minister Narendra Modi, Union home minister Amit Shah, Congress president Mallikarjun Kharge, and Nationalist Congress Party-Sharadchandra Pawar supremo Sharad Pawar were among the famous faces who queued up at the polling booths...

IPL PIX: Samson sizzles, but Royals lose to DC

Sanju Samson's entertaining half-century went in vain as Rajasthan Royals suffered a 20-run defeat against Delhi Capitals.