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Unread 18 May 2012, 09:07 AM
yon Beast yon Beast is offline
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Join Date: Mar 2007
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Facebook announced today that its initial public offering of common stock will be priced at $38 a share, valuing the company at $104 billion, the largest IPO for a U.S. tech company, raising $16 billion.
Quote:
...on Wednesday Facebook increased the number of shares to be sold at the market debut by 25 percent. Trading is expected to open at 11 a.m. Friday on the Nasdaq.
The company is offering 421.2 million shares of common A stock, which includes 180 million new shares that will be sold by the company and 241.2 million shares sold by existing shareholders such as early investors and Facebook’s founders.
http://abcnews.go.com/blogs/business...st-tech-offer/
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