"Facebook Raises $16 Billion in Biggest Technology IPO on Record", states Bloomberg headline. With the shares priced at $38, the top end of an increased range, Facebook becomes one of the biggest technology companies in the world based on its market capitalization. $16 billion are raised in this public offering, and the whole company is now valued at $104 billion.
Trading will start tomorrow, and stock price will most probably increase even more. There is no reason to try to predict the situation, but it will be a historic day. And I'm afraid not necessarily in a good sense.
Every now and then Facebook is touching new records. Facebook has started a new race of success and fame on internet.
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