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Facebook announces likely share price - chairman - 05-08-2012
Social networking website Facebook has estimated that its shares will go on sale to the public at a cost of between $28 and $35 each.
The company, which will sell public shares for the first time, hopes to raise over US$10 billion to put the company's value at US$75 billion.
It is expected there will be a high demand for the shares. It could in fact be one of the largest US share deals ever.
While the incoming share deal will make Facebook founder Mark Zuckerberg a very rich man, analysts have expressed concern about the share plan and similarities to previous internet bubbles.