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Tuesday, July 29, 2014
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Published: Saturday, 12/21/2013 - Updated: 7 months ago

BUSINESS BRIEF

Facebook’s 2nd offering brings in $2.3B windfall

BLADE NEWS SERVICES

SAN FRANCISCO — Facebook Inc. has priced a secondary offering of its stock at $55.05 a share in a deal that will generate a $2.3 billion windfall for CEO Mark Zuckerberg.

The terms announced Friday are just slightly below the $55.12 closing price of Facebook’s stock Friday. The stock has climbed well above the $38 price set in Facebook’s initial public offering 19 months ago.



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