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Watch That Tiny $74 1.5GHz Android-Powered Thumb-Puter In Action It’s been more and more apparent that there was some shady — though not necessarily illegal! — activity from Facebook’s bank advisors in the lead-up to the company’s IPO last week. And now, investors who got the shaft are trying to get their money back through the courts.
Since the start of the week, Facebook’s stock price has been sinking like an anti-social stone. Despite NASDAQ’s open admission about screwing up the offering, the Wall Street Journal is pointing its finger higher up the chain.
As had been expected, Facebook will debut on the NASDAQ tomorrow morning at a price of $US38 per share. What’s that mean for you? Not much. What’s that mean for Mark Zuckerberg?
Facebook has announced that it will be selling an extra 50.6 million shares, at a price likely to fall between $US34 and $US38 per share, reports TechCrunch. That should snag them at least another $US13.1 billion — and probably push their final valuation north of the expected $US100 million.
When Facebook stocks begin trading on the market — most likely this Friday — Wall Street hotshots and ordinary folks will be clamouring to get in on the action. Don’t worry if you don’t have a broker and a fancy investment portfolio, because there are plenty of companies more than happy to help you get a single share — for a price.
The Wall Street Journal reports that the $US5 billion Facebook IPO is set to go May 18 — maybe.
Last week’s IPO filing was bound to see Facebook push for extra revenue, and it is. The Financial Times reports that Zuckerberg is bringing ads to mobile devices in the next two months.
As expected, Facebook just filed its $5 billion mega-IPO. We’re sorting through the details now, but some important stats already stand out: 845 million users, 100 billion friendships and a whole lot of money heading Zuck’s way. Stock market, meet FB.
It’s widely reported that Facebook is going to file for an IPO today, and likely that the offering will be in the $US5 billion range. Time to start digging up your backyard bullion stash, right? Wrong. For the average guy the Facebook IPO is strictly Like, don’t touch.
