Share Focus

Our Share Focus reports, published prior to or following a company's financial update, analyse listed companies and their performance.

Facebook set for Friday listing on NASDAQ

Facebook is now aiming for a $100 billion-plus valuation in its oversubscribed IPO, as it increases its price guidance to between $34-38 per share.

Following the release of Facebook's IPO prospectus in February, we calculated the market valuation to be between $64 billion at the lower end and $94 billion at the upper end. After Facebook increased its price indication to between $34 and $38 per share, this would lead to a valuation at the upper end of just over $100 billion.

The social networking giant is scheduled to price its shares on Thursday and begin trading on Friday under the ticker 'FB'.

IG is currently running a grey market for trading in Facebook; but starting Friday, shares should be available for trading on the secondary market after its IPO listing.

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