Likely share price for Facebook announced

Dallas Sun Sunday 6th May, 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.

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