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Facebook Prices its IPO at $38 a Share

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  • Description

    FBN’s Robert Gray on pricing for Facebook’s IPO.

  • Duration 0:51
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I'm Robert -- when -- Fox Business pretty FaceBook has priced its initial public offering at 38 bucks a share this after the social networking site boosted the amount of shares that will offer.

-- just over 421 million.

And raise sixteen billion dollars making it the second biggest US IPO FaceBook will start trading tomorrow on the NASDAQ under the ticker symbol -- beaten.

A couple of retailers reporting earnings after the closing bell -- boosting its full year guidance after reporting better than expected first quarter numbers.

Shares of barrels plus all they've been moving lower after -- company -- estimates -- the with their earnings and revenue topped forecasts.

Another down day for Wall Street the blue chips down for the eleventh time in the last twelve sessions.

The Dow off 156 points closing at 121000 -- 42.

That is the latest from the Fox Business Network giving you them how.

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