Breaking: Facebook Likely To Set Share Price At $38 Per Share, Brings The Total Valuation At $104 Billion

Posted on May 17 2012 - 6:28pm by Editorial Staff

CNBC reported that Facebook’s price range for its initial public offering (IPO) has reportedly been finalized. It will not be re-filed with the U.S. Securities and Exchange Commission (SEC) before today’s pricing call.

The latest news is coming up that the social giant is looking like it will price its shares final vale at $38 per share, Wall Street Journal reports. The $38 per share value means it will be an $18.4 billion initial public offering, making it the second largest US listed IPO behind Visa.

Full and final if this figure is “correct”, the total valuation of the company will be worth $104 billion in total, making it the largest U.S. Company at its IPO by market value.

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