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Confirmed: Facebook to go public at $38 per share in the largest Internet IPO ever

It has been confirmed: Facebook will go public at $38 per share, valuing the company at $104 billion, with the firm raising $18.4 billion in its offering. News of the final pricing was broken by CNBC. Earlier today, the Wall Street Journal reported that the company was likely set to debut at $38 per share. It had been rumored that the company might add $1 to its share price, moving it to $39, but it appears that in final talks, the share price remained at the $38 level.
byPC Tech
May 17, 2012
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Facebook has, since its first filing, both raised the price of its offering, and the number of shares that it is releasing:

  1. Earlier this week, Facebook set a share price range of between $34 and $38, which was itself hiked up from a prior $28-$35 range.
  2. After boosting its IPO size with almost 25% just yesterday by offering 84 million extra shares, a total of 421,233,615 shares will be sold in the offering.
  3. Facebook’s IPO to release around 18% of the company to the public.

 

byPC Tech
Published

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