The long-awaited Facebook IPO will finally be priced tonight, ending months of speculation, but should investors be moving to back the technology giant?
The hype has been growing around the socia network's high profile float, with speculation the company could be valued at as much as $100bn. As usual, there have been dissenting voices as well as supporters, with some questioning just what investors will be buying when the company lists on the public market. This week Facebook raised the planned price range for the IPO - which appears to have been popular among institutional investors and hedge funds gathering by the closure of a number of books - from $28-$35 per share to $34-$38. But is it a good buy? Figures showing the surge in ...
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