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Facebook announces likely share price

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08 May 2012 00:41 #86275 by chairman
Social networking website Facebook has estimated that its shares will go on sale to the public at a cost of between $28 and $35 each.

The company, which will sell public shares for the first time, hopes to raise over US$10 billion to put the company's value at US$75 billion.

It is expected there will be a high demand for the shares. It could in fact be one of the largest US share deals ever.

While the incoming share deal will make Facebook founder Mark Zuckerberg a very rich man, analysts have expressed concern about the share plan and similarities to previous internet bubbles.
Always tell someone how you feel because opportunities are lost in the blink of an eye but regret can last a lifetime.
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