Facebook has priced its shares at $38 ahead of one of the most eagerly-anticipated share flotations in recent stock market history.
its shares begin trading in New York today.
At this price the eight-year-old firm would be worth $104bn .
This reportedly represent one of the highest value share sales, or initial public offerings (IPOs) in US history.
However, the new shareholders will not have much of a say in how the company is run.
The shares on offer are A shares, which carry one vote per share, whereas the current owners' shares are B shares, which carry 10 votes each.
They will reportedly control more than 96% of the votes after the public listing, with founder Mark Zuckerberg holding just under 56% of the voting power of the company.
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