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Why Facebook’s IPO changes things for everyone

Jul 30, 2014    

After the unprecedented hype came the lukewarm debut. The initial public offer (IPO), priced at $38 a share, values Facebook, the cult social networking platform which has changed the rules of keeping in touch forever, at a staggering $104 billion. This makes it the largest IPO for a US tech company and the first in that country to go public with a $100 billion plus valuation.

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