Facebook became one of the 25 largest companies in the US overnight after pricing its initial public offering (IPO) at $38.
The price set by the group was at the upper end of the range previously mooted, giving the group a total valuation of $104bn. This puts the social media giant, founded by Mark Zuckerberg, among the...
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An estimated £2.75bn
Outflows from UK equity funds gathered pace in August, with £2.6bn of assets being pulled from the market area over the course of the month, according to Morningstar’s latest fund flows report.
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