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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.

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