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Facebook Share Price Proposal

Posted: May 4th, 2012 | Author: | Filed under: Business News | Tags: | Comments Off

FACEBOOKFacebook plans to raise as much as $12 billion from its initial public share offering, dwarfing the coming-out parties of tech companies like Google.

The eight-year-old social network that began as Mark Zuckerberg’s college dorm room project has priced its initial public offering at between $28 and $35 a share.

This will see Facebook attain a valuation of as much as $95.9 billion at the high end and grant the world’s largest social network a market value close to Amazon.

If an over-allotment or “greenshoe” option is triggered, Facebook could end up raising close to $13.6 billion, according to a prospectus. Investors are expected to flock to the highly anticipated IPO, though some have voiced concerns about Facebook’s longer-term growth :: Read the full article »»»»

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