Yes, someone wrote a whole entire book dedicated to Facebook’s initial public offer.
Initial Public Offer
Apparently, more people are saying that Facebook wants to schedule its initial public offer on May 17, although no one is going on the record about it. That date depends on the Securities and Exchange Commission approving the necessary paperwork, including filings related to the acquisition of Instagram.
Facebook finished trading on private markets at its highest price yet, $44.10 per share, 10 cents higher than the previous high. The close gives the company an implied valuation of to $103.635 billion to $110.25 billion.
SharesPost says the current auction of Facebook shares is the last one that will take place on a private marketplace.
Facebook has submitted a third amendment to the initial public offer documentation originally filed with the U.S. Securities and Exchange Commission on February 1.
The U.S. Federal Trade Commission used a live Facebook chat as part of the government’s roll-out of a new privacy framework.
Zynga’s acquisition of Draw Something maker Omgpop cost $180 million that will come from the secondary stock offering.
Facebook Co-Founder and Chief Executive Officer Mark Zuckerberg bought a $7 million home in Palo Alto, California, last year, and many newly rich employees of the social network are looking to follow in his footsteps, causing real estate prices in the area to rise as much as 60 percent over the past six months.
Facebook filed a second amendment to its initial public offer registration with the Securities Exchange Commission. Here are the highlights.
It;s hypocritical that a company purporting to empower the individual doesn’t even empower future shareholders, who will largely have no voting power to influence the doings of the company, argues Fortune’s Senior Editor-At-Large Allan Sloan.