May 3, 2012 / 7:54 PM / 7 years ago

Facebook hopes to raise more than $10 billion in IPO: source

People walk past the Facebook wall inside their office in New York December 2, 2011. REUTERS/Eduardo Munoz

SAN FRANCISCO (Reuters) - Facebook Inc is aiming to raise more than $10 billion in its initial public offering, a source familiar with the situation said on Thursday.

A Facebook spokesman declined to comment.

Reporting by Alistair Barr; editing by Andre Grenon

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