Hirunews Logo
Facebook+sets+richest+tech+IPO+in+motion
Friday, 18 May 2012 - 9:37
Facebook sets richest tech IPO in motion
8

Shares
986

Views

Facebook yesterday announced a price of 38 dollars per share for its record-setting initial public offering, which gives the leading social network a market value of 104 billion dollars.

The shares will begin trading today under the symbol "FB" on the Nasdaq, the company said in a statement announcing the richest-ever technology IPO and second biggest for a US firm.

The announcement comes amid keen anticipation among investors for a piece of the world's biggest social network, which grew from a Harvard dormitory project in 2004 to more than 900 million members.

Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE