Facebook announced an estimated price for its long-awaited initial public offering Thursday, setting a range of $28 to $35 per share. The top end of its estimate would give the social network a valuation of $96 billion. The company’s upcoming roadshow starts Monday and will stop in major U.S. cities including New York, Boston, Chicago and San Francisco. About 337.4 million Facebook shares will be offered under the ticker “FB,” probably starting around May 17 or 18, according to sources that spoke with The New York Times.
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Is $96B Cool Enough for Facebook?
Posted by: Rachelle Dragani May 4, 2012 10:56 AMFacebook announced an estimated price for its long-awaited initial public offering Thursday, setting a range of $28 to $35 per share. The top end of its estimate would give the social network a valuation of $96 billion. The company’s upcoming roadshow starts Monday and will stop in major U.S. cities including New York, Boston, Chicago and San Francisco. About 337.4 million Facebook shares will be offered under the ticker “FB,” probably starting around May 17 or 18, according to sources that spoke with The New York Times.