Filed under: 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.

May 17 2012, 2:07pm CDT | by

3 Updates
Facebook IPO Priced at $38 a Share: WSJ
 
 

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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Update: 3

A Year After IPO, Facebook Seeks 'Ad Colossus' Status

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

Update: 2


Quote:
"Look out Facebook! Hours spent participating per member dropping seriously. First really bad sign as seen by crappy MySpace years ago."


Source: Indian Television

Full Story

Facebook IPO Priced at $38 a Share: WSJ

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.

 

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
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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