Facebook valued at $104bn as share price unveiled

May 18, 2012 13:59

Facebook has priced its shares ahead of one of the most eagerly-anticipated share flotations in recent stock market history. The social network said on Thursday that it valued shares at $38 (24) each, and that its shares would begin trading in New York on Friday. At this price the eight-year-old firm would be worth $104bn (66bn).

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