Facebook IPO: Price of Facebook share costs $38 per share, reports say

By on May 18, 2012 in Business, Stock Market, Technology, United States, World Comments
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The much anticipated Facebook IPO will be rolled out on Friday, May 18, 2012 when the company receives the Securities and Exchange Commission‘s declaration that its IPO is effective. The Facebook share price will be pegged at $38 per share, according to reports by several international news sites on Thursday, May 17.

Reports say that Friday’s Facebook IPO will raise $16 billion and will be the largest technology IPO in history.

Based on the rankings by Thomson Reuters, Facebook IPO will be the third largest IPO in the US, next only to the $19.7 billion Visa IPO (V, Fortune 500) in March 2008 and the $18.1 billion of General Motors IPO (GM, Fortune 500) in November 2010.

Facebook underwriters will sell Facebook shares to clients, that include large institutional investors, mutual funds and hedge funds, at $38 per share. These shares are being expected for issuance to clients on Thursday night which they can resell in open market beginning on Friday.

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