Facebook Set $38 Starting Price of Stock for IPO


Facebook Set $38 Starting Price of Shares for IPO: The social network Facebook will begin trading Friday on the New York Stock Exchange with a starting price of $ 38 per share, above expectations, raising the value of the company to more than 100,000 million, a record high a U.S. company at the time of the offer.

The share price gives the interest among investors, as it initially was set between 28 and 35 dollars the estimated range for the IPO and then it rose to between 34 and 38 dollars. Within this last site, Facebook has finally opted for the ceiling.

The total supply of Facebook is around 421.2 million of securities, allowing you to capture 18,400 million (15,000 million euros at current exchange rates), according to The Wall Street Journal. Only Visa, with 19,500 million dollars in its initial public offering (IPO), surpasses Facebook in this regard.

The social network Mark Zuckerberg, who founded the company in 2004 during his university, will begin trading on Nasdaq under the symbol FB New York. Currently, Facebook has over 900 million users worldwide.