Wednesday, July 26, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Razer Tiamat Flagship Headsets Released
Adobe Pulls Plug on Flash Player
Burn-in Warranty for Samsung QLED TV Screens Extended to 10 Years
New USB 3.2 Update Doubling Bandwidth to Extend USB Type-C Cable Performance
New Motorola Z2 Force Edition Comes With 360-degree Camera Mod
Huawei Holds First Place, Xiaomi Climbs to Fourth in Chinese Smartphone Shipments
Google Adds SOS Alerts to Search and Maps
Porsche Design's Huawei Watch 2 Costs $925
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Faceboo...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, May 17, 2012
Facebook IPO Priced at $38 Per Share


Facebook has priced its initial public offering of stock at $38 per share, at the high end of its expected range.

The 421,233,615 shares are expected to begin trading on the NASDAQ Global Select Market on May 18, 2012, under the symbol "FB." 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.

In addition, Facebook and the selling stockholders have granted the underwriters a 30-day option to purchase up to 63,185,042 additional shares of Class A common stock to cover over-allotments, if any.

The IPO values the company at around $104 billion.

Facebook's 2011 revenue was $3.7 billion. Google, whose revenue stood at $38 billion last year, has a market capitalization of $207 billion.

Morgan Stanley, J.P. Morgan, Goldman, Sachs & Co., BofA Merrill Lynch, Barclays, Allen & Company LLC, Citigroup, Credit Suisse and Deutsche Bank Securities are serving as book runners for the offering. RBC Capital Markets and Wells Fargo Securities are serving as active co-managers.

Although Facebook CEO Mark Zuckerberg is selling about 30 million shares, he will remain Facebook's largest shareholder. He set up two classes of Facebook stock, ensuring that he and other executives keep control.


Previous
Next
JEDEC Releases LPDDR3 Standard for Low Power Memory Devices        All News        Mozilla Sees Increased Support For Do Not Track
Comcast to Charge Heavy Downloaders     General Computing News      Mozilla Sees Increased Support For Do Not Track

Get RSS feed Easy Print E-Mail this Message

Related News
Live from Facebook Spaces Lets You Share VR with Friends
Ads Heading to Facebook Messenger Globally
Facebook to build housing in Silicon Valley
Facebook's Internet Drone Lands Successfully
Facebook Adds New Metrics For Ad Campaigns
Facebook, Microsoft, Twitter and YouTube Team Up To Counter Terrorism
Facebook Plans to Produce Original Shows
Facebook Focuses on Groups to Bring More People and Ad Dollars Onboard
Facebook Outlines Measures to Remove Terrorist Content
Facebook Asks Users Hard Questions
Facebook Adds GIF Support to Messenger
Facebook Adds New Updates Safety Check Features

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .