Facebook Prices IPO at $38

May 17, 2012 Updated May 17, 2012 at 5:05 PM EDT

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Facebook Prices IPO at $38

May 17, 2012 Updated May 17, 2012 at 5:05 PM EDT

According to a story on MSNBC.com, Facebook has priced its IPO at $38, giving the company a value of $104 billion.

Trading is set to begin on Friday, according to the MSNBC report.

To read the MSNBC story, click HERE.