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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
holluschickie
  • A 'bachelor seal'; a young male seal which is prevented from mating by its herd's older males (mated bulls defending their territory).
This comes from the Russian word for 'bachelors.'
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