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Business News Archive - March 21, 2012

Facebook To Pay IPO Underwriters 1.1 Percent Fee

Facebook plans to raise $5bn in an initial public offering (IPO) this year, and will pay its underwriters a 1.1 percent fee.

Word of the Day
palinode
  • A poem in which the author retracts something said in an earlier poem.
The word 'palinode' comes from Greek roots meaning 'again' and 'song'.
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