Facebook’s $38 Share Price Makes Instagram Deal Now Worth $1.2 Billion

Posted on May 18 2012 - 4:46am by Editorial Staff

We are in such time of day where we can notice that who gets benefitted and who not – and considering this thing in mind – the first name comes in mind is the recent Facebook’s acquired Instagram – Yes the photo-sharing service that social giant bought up last month only and is of worth $1 billion at that time – but hey, we just got an interesting figure, with the $38 per share price, that deal now up to $1.2 billion – Yes it is, as TechCrunch noted. When Facebook agreed to buy Instagram, it said it would pay with $300 million in cash and 22,999,412 shares of stock. That stock is now worth nearly $874 million, creating a $1.17 billion price tag.

The social giant sets it’s per share value at $38, making the company total valuation to $104 billion and it will be an $18.4 billion initial public offering. The social giant even recently filed its eighth amendment and now offering 180,000,000 shares of its Class A common stock and the selling stockholders are offering 241,233,615 shares of Class A common stock. The social giant increased its initial public offering range from $28-$35 to $34-$38 per share, and offered 50.6 million more shares.

(Image Source: Google Play)

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Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.