Sunday, May 20, 2012

Facebook goes public with a price of 38 dollars a share

Facebook opened stock market hoping to raise 18,400 million dollars and reach a market value of 104,000 million dollars.

Finally Facebook has priced its shares at $ 38 , which will make the social network to reach a market capitalization of 104,000 million (82.004 million euros) and become one of the 25 largest U.S. public companies . Mark Zuckerberg hold a stake valued at 19,000 million dollars, which will become one of the richest men in the world at 28 years.

Demand for shares has exceeded analysts' expectations despite growing criticism he has received Facebook on their mobile strategy and advertising business, which has suffered this week the loss of General Motors as an advertiser social network.

At first they said the price of the shares of Facebook would be between 28 and $ 35, increasing to between 34 and 38 dollars a share this week. The final price of $ 38 action, the company plans to raise 16,000 million dollars , making the IPO the third largest U.S. IPO, behind Visa in 2009 and General Motors in 2010.

If the Underwriters decided to sell 63.5 million additional shares, Facebook could raise 18,400 million dollars, surpassing the VISA IPO.

In addition to Zuckerberg, the main beneficiaries will be the venture capitalists, who purchased shares at a fraction of what is now going to cost.

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