Thursday, May 17, 2012

Facebook Prices IPO At $38.00

Mountain View-based Facebook has priced its IPO at $38.00, at the high end of its already increase offering range, which was between $34.00 and $38.00 per share. The IPO--which will be the largest IPO of a technology company, ever--will start trading Friday morning. Facebook is selling 421,233,615 shares of its common stock in the IPO.