Facebook IPO Priced At $38 Per Share

The much-ballyhooed Facebook initial public offering will open trading Friday morning at $38 per share, the top end of the range the social network filed with the Securities and Exchange Commission earlier this week, CNBC reported.

The much-ballyhooed Facebook initial public offering will open trading Friday morning at $38 per share, the top end of the range the social network filed with the Securities and Exchange Commission earlier this week, CNBC reported.

The $38 share price vaults Facebook’s valuation to right around $100 billion, which would be the highest valuation on record for any company at the time of its IPO, according to CNBC.

The total offering, from both Facebook and other parties, is 421,233,615 shares of class-A common stock, following the addition Wednesday morning of 83,818,263 shares from parties other than Facebook.

According to reports yesterday, most brokerages have already stopped accepting orders for the Facebook IPO, so interested investors who did not act in time may have to ride the market wave and invest at whatever price they can get.

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