Facebook’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, institutional investors have so far indicated demand for more shares than Facebook has available, the source…

The US tax authorities are in for a major windfall from Facebook chief Mark Zukerberg, as the upcoming IPO of the social networking giant could make him pay in taxes as much as $903 million. Interestingly, his total estimated tax payout amounts to more than 85 per cent of the total proceeds of about $1.045 billion Zuckerberg is expected to rake in from part sale of his own shares in…

Facebook today once again updated its filing for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). This is the fifth time it has done so, and the biggest update is that Facebook has set a price range of $28 to $35. Given the sale of some 337.4 million shares, 180 million of Class A common stock, this means the company could raise between $5.04 billion…

Facebook expects to get approval from government regulators to officially distribute its S-1 initial public offering (IPO) prospectus to investors within days, which would pave the way for a road show to begin as early as next week, sources close to the situation said Tuesday. The social networking giant is expected to go public in the second or third week of May, a timeline that currently appears to be on…