Facebook Enters Wall Street High-Priced

Facebook Enters Wall Street

The social network Facebook will begin trading today on the New York Stock Market with a starting price of $ 38 per share, above expectations.

This price will raise the value of the company to more than 100,000 million dollars, an historical price of a U.S. company at the time of the offer, Europe Press said.

Facebook‘s total offer is around 421.2 million of securities, allowing the capture of 18,400 million dollars, according to “The Wall Street Journal”.

Mark Zuckerberg’s social network, which was founded in 2004 during his career at Harvard University, will begin trading on the New York Nasdaq under the FB symbol. Currently, Facebook has over 900 million users worldwide. (ARL)