Facebook shares started trading at $42 a share on Nasdaq around 11:30 a.m. Friday morning under the symbol “FB.”The company’s 421.2 million shares offered to the public will now raise $17.7 billion, bringing its valuation to $116.6 billion.
The opening price comes after Business Insider reported earlier this morning that bids for the company’s stock were as high as €58.20, or $74 a share. Facebook’s stock had also occasionally traded higher in the secondary markets than its planned $38 opening price.
Source BY mashable.com
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