Facebook prices IPO at $38, valuation set at $104 billion

Facebook on Thursday set the share price for its initial public offering at $38. Shares of Facebook will begin trading on the NASDAQ exchange after the opening bell on Friday, and the social networking giant could raise as much as $16 billion. The offering will be the largest ever Internet IPO, besting the $1.4 billion raised by Google in 2004 by a substantial margin. A total of 421,233,615 shares of its common stock will be made available.�Facebook’s press release follows below. Facebook Announces Pricing of Initial Public Offering MENLO PARK, Calif., May 17, 2012 /PRNewswire/ ? Facebook (NASDAQ: FB) today announced the pricing of its initial public offering of 421,233,615 shares of its common stock at a price to the

Source: http://www.bgr.com/2012/05/17/facebook-ipo-price-38-valuation-104-billion/

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