Tuesday, 15 May 2012

Facebook New IPO Valuation

facebook ipo

Mark Zuckerberg's Facebook has upped its IPO valuation from the initial range of $28-$35 to $34-$38 per share, which would create $12 bn more than before.

This was done due to the heavy demand that the number one social network had created.

The market capitalization could now exceed $100 bn to $ 104 billion!

At yesterday's closing prices, HP had a market capitalization of $46 bn, Dell $27 bn and Amazon $102.58 billion!

Reuters UK

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