Facebook to Go Public May 18
May 2, 2012 1:47 PM
comment(s) - last by
Facebook CEO Mark Zuckerberg
Facebook will list its stock under the ticker symbol "FB" on NASDAQ
Facebook announced that its initial public offering (IPO) will take place May 18, 2012.
Social networking giant Facebook revealed that it was planning a 2012 IPO back in November 2011. The company was talking about
raising $10 billion
for the initial public offering.
Many had previously thought a 2011 IPO was in the works, but a shaky economy and ongoing
privacy battles with the U.S. government
put everything on hold.
In February 2012, Facebook made the IPO official. The company said it was looking to sell $5 billion of its private shares and hoped to be valued at $100 billion.
Now, Facebook will go public May 18. It is looking to raise $5 billion in the offering.
The company's roadshow is expected to start Monday, where prospective investors will take part in a series of meetings to draw interest in Facebook's stock. Mark Zuckerberg, Facebook CEO, will be present at some of the meetings.
Facebook will list its stock under the ticker symbol "FB" on NASDAQ.
Facebook has had an eventful month, with its
North Carolina data center
officially going online to serve live user traffic, its
patent infringement war with Yahoo
over 10 of the social network's patents, and the addition of an
organ donor option
on Facebook Timelines in an effort to locate donors for those in need.
As of March 31, 2012, Facebook had 901 million monthly active users.
This article is over a month old, voting and posting comments is disabled
RE: 100 Billion for what?
5/2/2012 2:35:13 PM
Wow, I agree with you on something! Guess it's bound to happen.
This is a big cash out for a company that will prove to be a loser like MySpace.
RE: 100 Billion for what?
5/3/2012 8:52:40 AM
the thing that will kill f-book is the same thing that got AOL: an arrogant attempt to become the single provider.
but, look at things on the bright side: after fb takes over msft we can all switch and run UBUNTU. It's really pretty cool.
"I'd be pissed too, but you didn't have to go all Minority Report on his ass!" -- Jon Stewart on police raiding Gizmodo editor Jason Chen's home
Facebook Adds Organ Donor Option to Timeline Profiles
May 1, 2012, 11:57 AM
N.C. Facebook Data Center Officially Goes Online
April 20, 2012, 8:35 PM
Facebook Countersues Yahoo in Response to Patent Infringement Claims
April 4, 2012, 10:00 AM
Facebook to Raise $10 Billion for 2012 IPO; Company Value Could Double HP's
November 29, 2011, 12:07 PM
Facebook, U.S. Government Close to a Privacy Settlement
November 11, 2011, 10:40 AM
Twitter Senior VP: "Diversity is Important, But We Can’t Lower the Bar"
November 9, 2015, 9:59 AM
CNN Resorts to Internet Censorship to Promote Clinton Over Senator Sanders
October 15, 2015, 2:47 PM
Breaking Bad: How to Crash Google's Chrome Browser With Just 8 Characters
September 23, 2015, 11:08 AM
Quick Note: Amazon UK Offers £10 Back on Any Order £50 or Over
August 3, 2015, 12:05 PM
Editorial: Reddit Allows Itself to be Hijacked as a Hate Platform For Racist Bigots
July 21, 2015, 6:32 PM
Mozilla and Facebook to Adobe: It's Time to Kill Flash
July 20, 2015, 6:30 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information