Facebook is set to open on the Nasdaq tomorrow at $100 Billion (Image via The Verge)
In November, The Wall Street Journal reported that Facebook has submitted a $100 Billion I.P.O. (Intial Public Offering). Today it has been confirmed that 421, 233, 615 shares of Facebook will be priced at $38 a share. That would value Facebook at $104.12 billion. Facebook is expected to raise ver $16 Billion by going public.
All though it appeared that Facebook would’t hit it’s target of $100 Billion, it obviously has.
Facebook will be opening on the Nasdaq tomorrow as what else but “FB”.
Image Via The Verge
Facebook has filed for a $5 billion IPO. We wrote about the rumour that Facebook could be filing for a $5 billion IPO on January 27th, 2012. The rumour was true.
The last major tech IPO was at $1.9 billion, and done by Google.
Today, Facebook confirmed that they now have over 845 million monthly active users. The last number to be confirmed was at 750 million. They also said that everyday over 483 million users log on to Facebook.
“Facebook’s I.P.O. marks another stage of the Internet’s evolution,” [...] “It’s so valuable, because it’s not just about content, it’s about our connections.”
-Charlene Yi , founder of the Altimeter Group; via The New York Times
Facebook just keeps growing and growing to what seems no end. I predict that by this day in 2013, Facebook will have over 1 billion monthly active users.
You can read the Facebook IPO Registration Statement here. Do you use Facebook? Do you use it everyday? Would you invest in Facebook if stock prices are OK? Leave a comment below or email us at firstname.lastname@example.org.
Image Via The Verge
The Wall Street Journal is reporting that Facebook, the popular social network with over 750 million active users, could have its intial public offering ready for as early as Wednesday, February 1st. Rumors have been floating around that Facebook could be filing for an IPO in early 2012, but no one has received comment from Facebook.
Currently it is rumored that the social network is valued anywhere around $75- $100 billion, this leads analysts to believe Facebook’s IPO could be about $10 billion, the highest for a Tech company in history.
This is all still a rumor, but do you think that Facebook will go Public? Leave a comment below or email us at email@example.com.