90°
Baton Rouge, Louisiana
3 Day Outlook
Wed
91°
73°
20%
Thu
93°
72°
20%
Fri
95°
72°
10%

Latest Weather Blog

Follow our weather team on social media

Facebook prices IPO at $38 per share

3 years ago May 17, 2012 May 17, 2012 Thursday, May 17 2012 Thursday, May 17, 2012 2:30:29 PM CDT in News
Source: Associated Press

NEW YORK - Facebook says it has priced its initial public offering of stock at $38 per share.

That's the high end of its expected range of $34 to $38. It means investor demand is strong for the world's largest online social network.

Facebook now stands to reap as much as $18.4 billion from the IPO, if the extra shares reserved to cover additional demand are sold too.

The offering values the company at around $104 billion.

 

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
Radar
7 Days