Friday, May 18, 2012

Economy - Voice of America: Facebook Set for History-Making IPO

Economy - Voice of America
economy-and-business
Facebook Set for History-Making IPO
May 18th 2012, 13:19

Facebook , the world's biggest social media website, will begin its eagerly-awaited first day as a publicly traded company, Friday. The California-based company will sell for $38 per share when trading begins on the Nasdaq Stock Exchange.  The initial public offering -- the opening price at which average investors can buy a share -- is expected to raise about $16 billion, making it one of biggest IPOs in U.S. corporate history, rivaled only by financial services company Visa ...

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