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Facebook IPO values social network at $104 billion [LIVE shareprice chart]

One News Page Staff
Friday, 18 May 2012

Facebook IPO values social network at $104 billion [LIVE shareprice chart]by

Shares in social network giant Facebook were set to commence trading on NASDAQ Friday as the company stages a record-breaking IPO

NEW YORK -- Facebook has priced its shares at $38 ahead of its highly anticipated IPO on Friday. At that price, the 8-year-old social network firm is valued at $104 billion. Facebook stock was set to trade on NASDAQ under the symbol FB [NASDAQ:FB], after the company raised $16 billion for itself, making it the most valuable tech IPO in history.

Following the IPO, Facebook Founder & CEO Mark Zuckerberg, 28, will hold 503.6 million shares, or about 31% of the company. That stake is worth $19.1 billion.
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Source: Bloomberg - on May 17, 2012

News video: Facebook Favored Social Network for Small Business

Facebook Favored Social Network for Small Business

May 17 (Bloomberg) -- Web entrepreneur Charlotte Coleman discusses the use of social networking by small businesses. She speaks with Mark Barton on Bloomberg Television's "Countdown." (Source: Bloomberg)

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