Facebook To IPO At $38 A Share Tomorrow, Confirms $100+ Billion Valuation

Facebook IPO

Facebook (NASDAQ: FB) just announced final details of its hotly anticipated IPO. The company will offer 421,233,615 shares of its common stock at a price to the public of $38 per share, and is expected to begin trading on the NASDAQ Global Select Market on May 18, 2012, under the symbol “FB.”

At that share price, the company’s valuation sits somewhere around $104.12 billion. The company will raise as much as $16 billion from the sale of its initial shares, making this the biggest tech IPO in history.

This is a developing story. Updates will be posted below this line.

According to Reuters, Facebook’s IPO will be larger than HP and Dell’s IPOs combined. The social networking behemoth’s $18 billion offering is a full ten times larger than Google’s $1.67 billion IPO in 2004.

Jason Rowley

Jason D. Rowley does not like being wrong. He is a writer, startup founder, sometimes landscaper and gardner, and his library’s best customer. Jason is heavily involved with the entrepreneurship scene at the University of Chicago, where he studied political science before “taking a break” (e.g. dropping out, noncommittally) to work with his classmates on his current project, which will debut shortly. He’s written voluminous, ripsnorting articles for Flyover Geeks (now Tech.li) for over six months and publishes on Tuesdays. Edward Domain and others have described him as “obstreperous”, a label he wears with not inconsiderable pride. Jason, in spite of these claims, is a pretty nice guy.

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