What is Facebook IPO?
Recently everyone is talking about Facebook IPO and everywhere Facebook IPO became hottest news on internet. First let’s talk about what is Facebook IPO? IPO stands for “initial public offering”. In short, it means Facebook is getting ready to start trading public stock. The social networking behemoth is set to go public in one of the largest initial public offerings in history.
What is Facebook IPO priced at
Facebook sets stocks price at $38. Facebook has confirmed that Facebook IPO price will stock at $38, raising $16 billion to $18.4 billion in its IPO. The IPO may be the second largest ever in the U.S., next to Visa’s. It will also be biggest tech IPO. Facebook announced the pricing of its initial public offering of 421,233,615 shares of its common stock at price to the public of $38 per share. Facebook is offering 180,000,000 shares of Class A common stock and selling stockholders are offering 241,233,615 shares of Class A common stock. Closing of the offering is expected to occur on May 22, 2012, subject to customary closing conditions.
Facebook is currently valued at around $100 billion, though it made less than $4 billion in revenue last year. Still, if the social network with more than 901 million users plays its cards right, it could be the world’s first $1 trillion company by 2014.
What is Facebook IPO date?
The shares are expected to begin trading on NASDAQ Global Select Market on May 18, 2012.
What is Facebook IPO stock symbol?
Facebook will start trading Friday on Nasdaq under the symbol “FB”.