Fenwick, Simpson Thacher Teams Help Launch Facebook IPO

Law360, New York (May 18, 2012, 12:28 PM EDT) -- Facebook Inc. is expected to rake in as much as $18.4 billion after Friday's launch of a record-breaking initial public offering fine-tuned with help from legal teams at Fenwick & West LLP and Simpson Thacher & Bartlett LLP.

Facebook began selling at $42.99 — 13 percent past its target $38 per-share price — after it opened trading. Share prices jumped during the standard delay before the hotly anticipated stock finally hit Nasdaq's trading floor around 11:30 a.m. EST.

Analysts have widely indicated that they expected trading...
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