Wednesday, November 25, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Panasonic's CX Ultra HD Smart TVs Bring 4K Closer To Home
New LG Ray Smartphone Focuses On Photo Shooting
HP Profit Lower Than Expected
Police Arrests Fifth Suspect In TalkTalk Hack Investigation
Toshiba Develops Fast 3D Metal Printer
ECS LIVA X2 Mini PC Runs Windows 10
Memory-Tech Ready To Start Mass Production Of UHD Blu-ray Disc
New Nokia 230 and Nokia 230 Dual SIM Phones Coming Next Month
Active Discussions
roxio issues with xp pro
How to back up a PS2 DL game
Copy a protected DVD?
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 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.

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
Facebook Makes Sure You See Less Info From Your Ex
Google Search To Display Facebook Content
Facebook App To Support Vanishing Messages
New Facebook Notify App Shows News to Smartphones
Belgian Court Blasts Facebook's Tracking Policy
Facebook Music Stories To Include Leading Music Services
Ads Keep Facebook's Revenue High
Facebook Reports Progress In Artificial Intelligence Research
Facebook To Change 'Real Names' Policy
Facebook Says Latest iOS App Won't Drain Your Battery
Facebook Makes All Posts Searchable
Facebook to Test Emoji Icons

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .