Facebook (FB) prices at $38 (top of its range) and will trade Friday, with the highest valuation of any company on record at IPO time. Trading in the stock will begin at 11 a.m. Eastern Time.
Facebook priced its historic initial public offering at $38 a share, at at the high end of the expected range of $34-$38, becoming the largest internet IPO in history.The deal will raise the social networking giant around $16 billion in proceeds, and value the company at more than $100 billion.
Facebook priced its historic initial public offering at $38 a share, at at the high end of the expected range of $34-$38, becoming the largest internet IPO in history.The deal will raise the social networking giant around $16 billion in proceeds, and value the company at more than $100 billion.
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com/
