Facebook’s Price Range Could Rise, IPO Demand Above Expectations: Source
May 11, 2012 at 10:43 AM EDT
Facebook Inc’s record initial public offering is already oversubscribed, a source familiar with the share listing said, days after the world’s largest social network embarked on a cross-country roadshow to drum up investor enthusiasm. Despite concerns about slowing growth, a lofty valuation and signs the company is having trouble ramping up revenue from mobile advertising, [...]