Facebook’s value comes to $104 billion

The Facebook logo appears on a display inside the NASDAQ Marketsite in Times Square Thursday, May 17, 2012, in New York. Facebook priced its IPO at $38 per share on Thursday, at the high end of its expected range. If extra shares reserved to cover additional demand are sold as part of the transaction, Facebook Inc. and its early investors stand to reap as much as $18.4 billion from the IPO. (AP/Newsis)

NEWYORKㅡ Facebook says it has priced its initial public offering of stock at $38 per share. That’s the high end of its expected range of $34 to $38. It means investor demand is strong for the world’s largest online social network.

Facebook now stands to reap as much as $18.4 billion from the IPO, if the extra shares reserved to cover additional demand are sold too. The offering values the company at around $104 billion. <Cihan>

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