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Facebook unveils $5bn flotation plans
Storey Link: Facebook unveils $5bn flotation plans
Facebook, the largest social networking site in the world, has announced its stock market flotation plans.
Facebook said that it aimed to raise $5bn (£3.16bn), roughly half the amount a number of analysts had predicted. However, the initial public offering (IPO) is still likely to be the largest sale of shares by an online company,...
Hong Kong six session rally comes to an end while Shanghai reopens down
Storey Link: Hong Kong six session rally comes to an end while Shanghai reopens down
Hong Kong shares broke a winning streak of six sessions yesterday, dragged down by banks and developers for China, as investors made profits on recent outperformers at the same time all eyes remain on Greece debt-swap deal talks.
As reported by Reuters, soft mainland markets that are back in trading after the week-long holiday for Chinese...