12:39 PM
Jalal HB
Facebook will file to go public tomorrow morning, IFR reports.
Facebook was expected to try and raise $10 billion, but IFR says that number has been reduced to $5 billion. The plan is to see how that goes and possibly raise more later.
Facebook is playing a psychological trick here, hoping to stir up demand for its stock by limiting supply, says Mashable.
Read more: Business Insider
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