Facebook's IPO price: $38 per share

Everywhere I see; all over the world; there is only one news today. The mother of all news!!! Finally, Facebook did it. The social networking giant has now been officially listed on NASDAQ stock market. It has raised a massive $16 Billion in I.P.O. on Thursday, in an initial public offering that valued Facebook at $104 billion. That is one hell of an IPO; more than 9 Google IPOs. And as of tomorrow Facebook will be worth about half of what Google is worth now. Can you imagine how big Facebook is now? Facebook shares are priced at $38 per share and are expected to increase as the stock starts trading around 11am today.

According to FB official statement: "Facebook (NASDAQ: FB Today announced the pricing of its initial public offering of 421,233,615 shares of its common stock at a price to the public of $38 per share. The shares are expected to begin trading on the NASDAQ Global Select Market on May 18, 2012, under the symbol "FB." Facebook is offering 180,000,000 shares of Class A common stock and selling stockholders are offering 241,233,615 shares of Class A common stock. Closing of the offering is expected to occur on May 22, 2012, subject to customary closing conditions."

This IPO of Facebook is 3rd largest in the history of America (after Visa and ENEL). Who could have imagined that this eight year old social networking site will someday be such a hit that it’d make history? Right now, everyone just seems to want a piece of Facebook. But the question is can is justify its mammoth valuation because a $104 billion market capitalization puts Facebook at more than 100 times its trailing earnings. So, obviously it will need to figure out ways to make revenue else the investors are going to pull Mark’s hair.