With Upcoming IPO, Facebook Worth $95 Billion

How much is Facebook worth?

Facebook, the company that turned the social Web into a cultural and business phenomenon, is worth as much as $95 billion, according to the price range for its upcoming initial public offering of stock.

Facebook's IPO, expected in a couple of weeks, would be the biggest ever for an Internet company. Facebook disclosed the price range of $28 to $35 per share in a regulatory filing Thursday.

With the IPO, Facebook and its current shareholders could raise as much as $13.58 billion - far more than the $1.9 billion raised in the 2004 offering for current Internet IPO record-holder Google Inc. The IPO valued the company at $23 billion. Google is now worth about $200 billion.

Facebook Inc.'s IPO has been highly anticipated, not just because of how much money it will raise but because Facebook itself is so popular. The world's largest online social network has more than 900 million users.

Pandora Falls on Second Day of Trading

Shares of Pandora Radio, a online streaming music service, dropped below their offer price on Thursday.

Pandora was first offered on the New Yok Stock marketing on Wednesday for $16 per share but it plunged to $13.26 on Thursday, losing almost 24 per cent. They bubbled to $26 temporarily in early trading Wednesday, but it didn't last long and ended at $17.42 for Wednesday.

Pandora has garnered 90 million users since it was established in 2000. However, Pandora has yet to make a profit and some financial analysts are pessimistic about the outlook of the firm since the company has to pay huge money for music license.

Analysts think fluctuation on Pandora's share will make investors lose interest in buying Pandora's share.
However, Pandora has initially raised $235 million and had a market value of $2.55 billion at its offer price. Pandora's market capitalization was more than what many analysts valued the firm.

Pandora is selling 6 million of the shares in the IPO, while existing shareholders are offering 8.7 million.