Facebook shares to start trading on NASDAQ today

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Posted May 18, 2012 7:33 am.

This article is more than 5 years old.

NEW YORK (NEWS1130) – Shares of Facebook are to start trading at around 8 a.m. (Pacific time) today on the NASDAQ market under the ticker symbol “FB.”

Facebook has priced its initial public offering of stock at $38 (US) per share, raising around $16 billion in capital.

At that price, the IPO values the world’s biggest online social network at around $104 billion, slightly more than Amazon.com, and well above well-known corporations such as Disney and Kraft.

Facebook is the third-highest valued company to ever go public, according to data from Dealogic, a financial data provider. Only the two Chinese banks have been worth more.

At $16 billion, the size of the IPO is the third-largest for a U.S. company, squeezed between No. 2 power company Enel and No. 4 General Motors, according to Renaissance Capital. The largest U.S. IPO was Visa, which raised $17.86 in 2008.

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