Facebook IPO Stock Price Increases - Facebook to raise the price of the stock which is planned before on the stock market debut this Friday. According to CNBC and The Wall Street Journal, Facebook will remove its shares in the range U.S $34 - $ 38, not U.S. $28 -35 per share that is mentioned in a written document which is paid up earlier by Facebook this month to U.S. regulators.
Decision to raise the stock price at the initial offering shows the confidence of Facebook’s management up the number of requests. With a stock price range of U.S. $34 - 38, a company based in Menlo Park , California
Using the upper limit calculation (U.S. $38), Facebook is expected to reap U.S. $ 15 billion just from selling the stock. That money will flow to the initial backers and employees who have the right of stock.
Facebook has certainly become the most expensive corporate social networking in the history of the U.S. web company IPO, beat the value of Google in 2004 to reach U.S. $ 23 billion.
Facebook will be trade on the Nasdaq with FB code. Founder and CEO of Facebook, Mark Zuckerberg is still a majority shareholder with a share of 57.3%.
