Facebook sets IPO share price at $38: $104 billion valuation

[zigzag3143]

Summary: Facebook has priced its initial public offering (IPO) at $38 a share, giving itself a valuation of $104 billion, and raising $18.41 billion. Facebook will go public the morning of Friday May 18, 2012.
As expected, Facebook on Thursday priced its initial public offering (IPO) at $38 a share. This gives the social networking giant a valuation of $104 billion, which will make it the largest U.S. company, by market value, at its IPO.

http://www.zdnet.com/blog/facebook/facebook-sets-ipo-share-price-at-38-104-billion-valuation/13281