Facebook Prices at $38 With Trading Set to Start Friday# JobHunting - 待字闺中
w*z
1 楼
http://www.cnbc.com/id/47464204
Facebook priced its historic initial public offering at $38 a share, at at
the high end of the expected range of $34-$38, becoming the largest internet
IPO in history.
Facebook
AP
The deal will raise the social networking giant around $16 billion in
proceeds, and value the company at more than $100 billion.
Facebook is set to begin trading Friday at around 11 am on the Nasdaq under
the ticker “FB” [FB 38.00 --- UNCH ]. (Click here to read the
company's press release about its pricing.)
The social networking giant is on track to sell 421 million shares as part
of the offering, roughly 60 percent of which are coming from insiders and
other existing shareholders.
Including the overallotment (a 30-day option underwriters have to include an
additional batch of shares in the deal), Facebook could raise up to $18.4
billion, which would make it the second largest IPO in U.S. history, behind
only Visa, which raised $19.7 billion when it went public in 2008.
"It's about what we expected," Josh Brown of Fusion Analytics told CNBC's "
Closing Bell" show. "I think the stock opens up at a premium from there."
A quick surge in Facebook could help left the broader market, which has
suffered through a brutal sell-in-May-and-go-away period.
"It will probably be a positive for the market overall tomorrow," Brown
added. "This is a really dreary atmosphere, but something like a Facebook
could really make people feel a little bit better about wading back into
some Nasdaq names."
Facebook CEO Mark Zuckerberg, meanwhile, actually stands to lose some of his
standing as one of the richest people in the world. Zuckerberg, who helped
develop what was called "the Facebook" while an undergraduate at Harvard, is
now worth $16.5 billion but that number will shrink to about $15.5 billion
after the stock starts selling, according to calculations from Forbes.
Facebook provides social interaction for nearly a billion users worldwide,
but more importantly offers an advertising platform for companies who gain
access to the likes or dislikes of the site's users.
The site's 512 million users classified as active offered a combined 3.2
billion likes and comments per day in the first quarter of 2012, and there
are more than 125 billion friend connections.
The IPO itself will cast a huge footprint on the market, taking total
offerings this year to their highest level in dollar terms since 2000,
according to Dealogic.
Facebook priced its historic initial public offering at $38 a share, at at
the high end of the expected range of $34-$38, becoming the largest internet
IPO in history.
AP
The deal will raise the social networking giant around $16 billion in
proceeds, and value the company at more than $100 billion.
Facebook is set to begin trading Friday at around 11 am on the Nasdaq under
the ticker “FB” [FB 38.00 --- UNCH ]. (Click here to read the
company's press release about its pricing.)
The social networking giant is on track to sell 421 million shares as part
of the offering, roughly 60 percent of which are coming from insiders and
other existing shareholders.
Including the overallotment (a 30-day option underwriters have to include an
additional batch of shares in the deal), Facebook could raise up to $18.4
billion, which would make it the second largest IPO in U.S. history, behind
only Visa, which raised $19.7 billion when it went public in 2008.
"It's about what we expected," Josh Brown of Fusion Analytics told CNBC's "
Closing Bell" show. "I think the stock opens up at a premium from there."
A quick surge in Facebook could help left the broader market, which has
suffered through a brutal sell-in-May-and-go-away period.
"It will probably be a positive for the market overall tomorrow," Brown
added. "This is a really dreary atmosphere, but something like a Facebook
could really make people feel a little bit better about wading back into
some Nasdaq names."
Facebook CEO Mark Zuckerberg, meanwhile, actually stands to lose some of his
standing as one of the richest people in the world. Zuckerberg, who helped
develop what was called "the Facebook" while an undergraduate at Harvard, is
now worth $16.5 billion but that number will shrink to about $15.5 billion
after the stock starts selling, according to calculations from Forbes.
Facebook provides social interaction for nearly a billion users worldwide,
but more importantly offers an advertising platform for companies who gain
access to the likes or dislikes of the site's users.
The site's 512 million users classified as active offered a combined 3.2
billion likes and comments per day in the first quarter of 2012, and there
are more than 125 billion friend connections.
The IPO itself will cast a huge footprint on the market, taking total
offerings this year to their highest level in dollar terms since 2000,
according to Dealogic.
