Golden State: California Eyes $2.1B In Revenue From Facebook IPO
The California Legislative Analyst’s Office, the state’s budget watchdog, expects Friday’s Facebook initial public offering to generate $2.1 billion in revenue for the state through the 2013 fiscal year.
The California Legislative Analyst’s Office, the state’s budget watchdog, expects Friday’s Facebook initial public offering to generate $2.1 billion in revenue for the state through the 2013 fiscal year.
Reuters reported that the California Legislative Analyst’s Office predicted that if Facebook shares debut Friday at $38 per share, and then hit $45 apiece in six months, and keep rising, the combination of capital-gains taxes from investors and taxes on stock awards and options for employees of the Menlo Park-based social network will bring in $2.1
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