
Facebook confirms IPO pricing of USD 38 per share

Facebook has confirmed the pricing of its IPO at USD 38 per share. The shares are expected to begin trading on the Nasdaq Global Select Market on Friday 18 May under the symbol 'FB'. Facebook is offering 180 million shares of Class A common stock and selling stockholders are offering 241.23 million shares of Class A common stock. Closing of the offering is expected to occur on 22 May, subject to customary closing conditions.
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