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May 18, 2012 12:15 am GMT
Facebook shares will start trading at $38 tomorrow, the company confirmed in a release, giving it a valuation of $104.12 billion.Facebook and its early shareholders will raise just over $16 billion in tomorrow's much anticipated IPO.At a $104 billion valuation, Facebook is worth more than any other tech IPO candidate at the time of its offering. It alsoperfectly matches what Facebook shares have been trading at in secondary markets over the last several months.Google was worth $23 billion at the time of its very unusual Dutch auction IPO back in 2004. As of tomorrow Facebook will be worth about half of what Google is worth now.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/fJFIZodkqTw/
Facebook Will Have The Biggest Tech IPO Ever, Raising $16 Billion With $38 Share Price
Facebook shares will start trading at $38 tomorrow, the company confirmed in a release, giving it a valuation of $104.12 billion.Facebook and its early shareholders will raise just over $16 billion in tomorrow's much anticipated IPO.At a $104 billion valuation, Facebook is worth more than any other tech IPO candidate at the time of its offering. It alsoperfectly matches what Facebook shares have been trading at in secondary markets over the last several months.Google was worth $23 billion at the time of its very unusual Dutch auction IPO back in 2004. As of tomorrow Facebook will be worth about half of what Google is worth now.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/fJFIZodkqTw/
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