Wednesday, May 16, 2012

Facebook IPO tommorrow !! To start trading from friday !

On Friday, Facebook will begin trading on the Nasdaq Stock Market under the symbol ``FB.'' Zuckerberg will remain the company's largest shareholder. His personal stake in Facebook will be worth around $19 billion.
Facebook has increased the price range for its initial public offering (IPO) to between $34 and $38 per share, which could value the company at up to $104bn.

Facebook will sell 337.4 million shares at its IPO, expected tomorrow, that will make it the highest flotation value to date for an internet firm, far outstripping Google's of just over $23bn in 2004.

The value of the company is expected to surge even higher when it begins trading on the Nasdaq stock exchange on Friday, according to the Telegraph.

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