Facebook sets 38-dollar share price for record IPO
San Francisco - Facebook on Thursday finalized the price at which it will offer its shares to the public for the first time on Friday in the largest ever initial public offering for a US technology company.
The social networking giant said its eagerly anticipated IPO wouldbe priced at 38 dollars per share - at the top end of the trading range announced earlier in the week.
The share price would value the company at around 104 billion dollars, making it easily the largest technology IPO in history and the third-largest ever in the US, following the 2008 IPO of Visa and the 2010 IPO of General Motors for the carmaker's return to the stock exchange after bankruptcy reorganisation.//DPA
