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SELECTED PRESS RELEASE:
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posted on:
5/19/2012 7:32:50 AM EST
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Today, Facebook debuts as tech’s biggest IPO
Empower Network, FACEBOOK, MARK ZUCKERBERG, ONLINE BUSINESS OWNER
 VISIT WEBSITE (learn more)
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Today, Facebook debuts as tech’s biggest IPO
Facebook
Today is the day that Mark Zuckerberg rings the NASDAQ Bell and Facebook ‘s stock will begin trading.
Are you at all interested in today’s outcome? Maybe you’re a buyer or maybe you’re just curious to see how high the stock will go. Where are you laying your bets? If you had money, would you buy some stock?
Some say that the stock will hit an all time high and then fall. Some say that Mark Zuckerberg will take his money and move on to other things. Others say his will stay and use the capital to make Facebook bigger and better. Some say that Facebook will be taken over by big business and will lose its identity and the purpose that the founders had intended.
Now it is Nasdaq investors’ turn to weigh in on what Facebook Inc. stock is worth.
IPO investors on Thursday set a price of $38 a share, raising $16 billion for the Menlo Park social networking company and its insiders.
That makes Facebook the third largest U.S. IPO ever, behind credit company Visa’s $17.9 billion and energy company Enel’s $16.5 billion, but it is the most raised in any tech company IPO.
The company is valued at more than $104 billion, making it more expensive than any stock on the S&P 500 when measured by valuation versus revenue in the past 12 months. By that yardstick Facebook clocks in at 26 times sales, more than double the top S&P 500 company, AvalonBay Communities Inc.
CEO Mark Zuckerberg is scheduled to ring the opening bell on Nasdaq trading at 6 a.m. Pacific time after hosting an all-night celebratory hackathon at company headquarters overnight. The stock (NASDAQ:FB) won’t actually start trading until about two hours later.
Many have been trying to guess the price that Facebook will end its first day at a hastily contracted website called facebookipodayclosingprice.com. If the wisdom of that crowd means anything, it will finish at around $54 a share.
Most Business Journal readers in an unscientific online Business Pulse survey also believe that it will finish above $50.
This is a re post post from Silicon Valley / San Jose Business Journal
Many of us who use Facebook ,that would be over 900 million, will be watching today to see how the day will end.
As an Online Business owner, who uses Facebook to connect with friends, fans,clients and to market my business it will be an interesting day.
What do you think ? Will this be good for Facebook and its users?
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