Facebook Prices IPO At $38 A Share With a $104 Billion Market Cap

Facebook priced its IPO at $38 a share, raising $16 billion which will be the third largest IPO in U.S. history and the largest ever IPO by a U.S. technology company.

It will start trading tomorrow under the symbol:  FB

At $38 a share Facebook is valued at $104 Billion dollars.

At $38 Facebook will trade at more than 100x of earnings or PE

For comparison sake here are the some market caps & PE of some other high tech companies based on today’s closing price:

Apple $495 Billion  PE 13

Microsoft $250 Billion  PE 11

Google $203 Billion PE 19

Yahoo $18 Billion   PE 17

Linked In $10 Billion  PE 718

Comments

  1. ZHI says

    “Calling the IPO a failure is ignorant. This freakin company has a market cap of $100 billion…”

    – - – - – - – - – - – - – - – – - –

    FB’s market cap is down to roughly $90 billion on the first trading day after the IPO. At this rate, in 9 more days, it could be a zero.

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