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Facebook raises $16 billion in IPO, valued at $104 billion

Facebook raised $16 billion in an initial public offering which put its value at $104 billion.

A Facebook sign is seen at the main entrance of Facebook's new headquarters in Menlo Park, Calif. Facebook is set to raise $16 billion in its initial public offering on May 18, 2012, with the social network company valued at $104 billion.

Kimhiro Hoshino

AFP/Getty Images

facebook ipo 16 billion