Thursday, May 17, 2012

Thursday, May 17, 2012 4:27:36 PM

Facebook prices IPO at $38 per share

Facebook says it has priced its initial public offering of stock at $38 per share. The social media giant stands to reap as much as $18.4 billion from the IPO, if the extra shares reserved to cover additional demand are sold, too. The offering values the company at around $104 billion.

Read more at:
http://www.washingtonpost.com/business/technology/facebook-set-to-price-initial-public-offering-could-raise-16-billion-or-more/2012/05/17/gIQAJmVAWU_story.html

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