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Facebook Filed Its IPO Yesterday
04 May 2012 by liam kruger in Celebrities, Culture, Economics, Facebook, Politics, Very Cool, Vibe, World
Mark Zuckerberg officially filed its IPO with Securities and Exchange Commission yesterday afternoon, announcing its intention to sell 337 million shares at between $28 and $35 a pop – in the biggest Internet stock offering since Google went public in 2004. They’ll be going roadshow for the next two weeks to let big investors see what they’re buying.
Says the Wall Street Journal, the $11.8 billion IPO – scheduled for the 18th of May – would put the total valuation of the company at an astounding $77 to $96 billion. Facebook chief Mark Zuckerberg, 27, stands to gain as much as $17.6 billion in the IPO, which would make him richer than Microsoft’s Steve Ballmer.
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