Facebook increases the number of shares it will offer the public by 25%, seeks to raise up to $16 billion. Ref. CNN
Facebook prices Friday's initial public offering at $38 a share, raising $16 billion in the third-largest IPO in U.S. history.
It is the largest-ever IPO by a U.S. Technology company. Ref. CNN
When you already have so much money why do you need to have even more? Must be a glory thing to say you are one of the wealthiest men in America.
International Level: Junior Politician / Political Participation: 71 7.1%
Jury still out on Facebook as medium
Responding to extraordinary demand, Facebook said on Wednesday that it would sell more stock in the company's initial public offering. But ahead of the IPO, a debate emerged between two of America's largest automakers: Does it pay to advertise on the social network? Ref. Source 6
Facebook shares open at $42.05, an 11% increase from the company's $38 IPO price.
Facebook's IPO, the third largest in U.S. history, is on track to raise $16 billion and give the company a valuation as high as $107 billion.
Founder Mark Zuckerberg raised $1.1 billion in the offering and holds a remaining stake worth around $19.1 billion. Ref. CNN
Facebook IPO fight-back begins: share price 'implausible', says analyst:
The fight-back against Facebook's $100bn (Â£63bn) mega-float has begun, with the first analyst this weekend coming out to stamp a 'sell' sign on the social network's shares as the full extent to which Wall Street banks were forced to prop up its shares on the first day of trading was revealed. Ref. Source 5