The Social networking company, Facebook has priced its initial share offer at 38 dollars per share. At this price the firm will be worth 104 billion dollars. But some analysts are questioning the company's valuation saying it will have to achieve remarkable things to justify it. Facebook is just eight years old but is already used by 900 million people around the world. When markets open today in New York most traders think the price will jump even higher.
News On AIR | May 18, 2012 11:44 AM
Facebook prices initial offer at $38 per share