Thursday, Sep 29, 2016
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BUSINESS BRIEF

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

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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