Filed under: Rumors | Technology News
May 17 2012, 2:07pm CDT | by Luigi Lugmayr
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...
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Source: Top Tech News
It was supposed to be our IPO, the people's public offering. Facebook, the brainchild of a young CEO who sauntered into Wall Street meetings in a hoodie, was going to be bigger than Amazon , bigger than McDonald's, bigger than Coca-Cola. And it was ...
Full article at: Top Tech News
More like this 1 day ago, 9:48am CDT
Source: Indian Television
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.
Luigi Lugmayr
Luigi Lugmayr (Google) is the founding chief Editor of I4U News and brings over 15 years
experience in the technology field to the ever evolving and exciting
world of gadgets. He started I4U News back in 2000 and evolved it into
vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.
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