Saturday, May 5, 2012

Facebook Set to offer its IPO at 28$ to 35$

Technorati Tags: Facebook IPO,Facebook,Mark Zuckerberg

As we all knows that Facebook has decided to offer its Initial Public Offering (IPO) in market previously.Now they have decided to offer their IPO at the cost of 25$ to 35$ .Facebook IPO

Facebook promised that its IPO will give 99 times greater than its IPO price to its investors.

Now Facebook’ s market value is $96 billion ,offering share on 25$ to 36$ which will available to investors from 17th May.Facebook is world largest social networking site decided to sell almost 337.4 million shares but Facebook expect that it would rise to $11.8 billion.If it happen it will be largest IPO sale in the field of any internet company.

As a background of the company we know that Mr. Mark Zuckerberg is the CEO of this company started Facebook in year 2004 and now it is the largest social networking site in world with its about 900 million users .

Source: Indiatimes
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