Facebook IPO values company at between $85bn and $95bn

Name: Facebook IPO values company at between $85bn and $95bn
Uploaded: 2012-05-04T07:06:17.000Z
Duration: 50 s
Description: Facebook has set the share price for its upcoming initial public offering (IPO) at between $28 and $35 per share, valuing the company at between $85bn-$95bn (£52bn-£59bn).

This video can not be played

To play this video you need to enable JavaScript in your browser.

Facebook has set the share price for its upcoming initial public offering (IPO) at between $28 and $35 per share, valuing the company at between $85bn-$95bn (£52bn-£59bn).

The IPO is set to be the largest ever for an internet firm, bigger than Google's valuation of $23bn in 2004.

IPOs are when companies list shares on the stock market for the first time.

Facebook is set to list on the Nasdaq and would rival Amazon's and Cisco System's current market values.

Michelle Fleury reports.

Business

4 May 2012