CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

Facebook sets IPO price range at 28 to 35 dollars

05-04-2012 08:34 BJT

SAN FRANCISCO, May 3 (Xinhua) -- Social networking giant Facebook on Thursday said it plans to price its initial public offering (IPO) at 28 to 35 U.S. dollars a share, putting it on track to become the largest IPO for any Internet company.

Facebook announced the preliminary price range in its latest filing with the U.S. Securities and Exchange Commission.

The company also said that it is offering 337.4 million shares to sell, with more than half from selling stockholders.

The estimated pricing would value Facebook at 96 billion dollars at the high end and could help the company raise as much as 13.6 billion dollars, according to The Wall Street Journal.

The numbers would put Facebook just behind the market capitalization of Amazon.com and ahead of other technology giants like Hewlett-Packard (HP), the newspaper said in a report.

The social networking company is now likely only about two weeks away from a final pricing and the first trading of its shares on the Nasdaq market, with its roadshow set to start next Monday.

Editor:Wang Lingfei |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program