Facebook IPO Priced at $38 a Share: WSJ

May 17 2012, 2:07pm CDT | by , in Rumors | Technology News

Facebook IPO Priced at $38 a Share: WSJ

A source of the Wall Street Journal says that Facebook is pricing its IPO at the highest mark of the registered range. No surprise here.

According to a person familiar with the matter, Facebook is setting the price of its IPO shares to $38. This is the high end of the upped range of $34 to $38. This value is not official yet, but actually it is save to assume that Facebook is pricing the shares at the high-end. At the $38 a share price, Facebook would have a value of $104 billion. This would make Facebook the most valuable US company at IPO. Mark Zuckerberg's company will raise $18.4 billion in the offering.

More details on the Wall Street Journal.

You May Also Like


Share this Story

Follow Us
Follow I4U News on Twitter
Follow I4U News on Facebook


Read the Latest from I4U News


blog comments powered by Disqus Back to Top | Read the Latest Stories