Post by Forever Sunshine on May 17, 2012 17:44:28 GMT -5
Facebook prices at $38; largest Internet IPO ever
The social-networking site raises some $16 billion for the company and early investors. Trading starts Friday morning and may be frenzied. But questions remain. Founder Mark Zuckerberg's stake is worth about $19 billion.
Facebook, the social-networking site that lets some 500 million people trade messages, pictures and videos every day, raised $16 billion for its original stockholders and investors when 421.2 million shares were priced at $38 a share late Thursday.
The price makes this the largest Internet IPO ever. It values the company at $104.1 billion, making Facebook the 40th-most-valuable company in the world, ahead of Amazon.com (AMZN -2.54%) and Qualcomm (QCOM -3.30%) but just behind PepsiCo (PEP +0.03%). It makes founder and CEO Mark Zuckerberg worth some $19.1 billion on the basis of his Facebook holdings alone -- at just 28.
money.msn.com/technology-investment/post.aspx?post=2b62a439-4b39-498e-9d93-1aff42abcc24
The social-networking site raises some $16 billion for the company and early investors. Trading starts Friday morning and may be frenzied. But questions remain. Founder Mark Zuckerberg's stake is worth about $19 billion.
Facebook, the social-networking site that lets some 500 million people trade messages, pictures and videos every day, raised $16 billion for its original stockholders and investors when 421.2 million shares were priced at $38 a share late Thursday.
The price makes this the largest Internet IPO ever. It values the company at $104.1 billion, making Facebook the 40th-most-valuable company in the world, ahead of Amazon.com (AMZN -2.54%) and Qualcomm (QCOM -3.30%) but just behind PepsiCo (PEP +0.03%). It makes founder and CEO Mark Zuckerberg worth some $19.1 billion on the basis of his Facebook holdings alone -- at just 28.
money.msn.com/technology-investment/post.aspx?post=2b62a439-4b39-498e-9d93-1aff42abcc24
© 2011 -- 
Crap, the Name Escapes Me 
