Results for "facebook IPO"

Facebook’s $16bn IPO means nothing today

Facebook’s $16bn IPO means nothing today

The biggest tech event of the year - if you believe the financial pundits - has been and gone, leaving analysts, shareholders and Mark Zuckerberg to pick through the remains of the Facebook IPO. Seldom have so many gathered to stretch credibility and understanding to talk about so little. In the end, despite stock flat-lining in a way that sent delicious shivers of schadenfreude down the spines of those who still can't quite see the worth in shared contemplation of navels, Facebook has more than $16bn of extra cash in its account. For actual Facebook users though - in fact, for just about everyone, even if they're now a shareholder in the company - the IPO is, so far, gloriously irrelevant.

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Facebook breaks IPO volume record

Facebook breaks IPO volume record

In a day that's had Facebook making history in more ways than one, the social network has broken the first day IPO Trading Volume record with more than 460 million shares traded throughout the day. This record beats the previous top spot holder General Motors which had 458 million shares traded its first day going public in 2010. Trading will end at 4 PM EDT at which time we'll know whether or not Facebook has broken any other records for an IPO - it currently also in contention with Visa for largest ever about of cash raised from and IPO with Visa's 2008 number sitting at $17.9 billion USD while Facebook runs around $16 billion USD throughout the day.

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Facebook co-founder congratulates Zuckerberg on IPO day

Facebook co-founder congratulates Zuckerberg on IPO day

On the eve of the Facebook public offering it appears that Facebook co-founder Eduardo Saverin has buried the hatchet once and for all, offering congratulations to the Facebook staff and Zuckerberg specifically as well. Saverin was portrayed in the Hollywood portrayal of the Facebook story "The Social Network" as a founder of Facebook that was betrayed and pushed out by Zuckerberg - the real life story appears to be a bit sweeter in the end. Saverin also caught some press this month for renouncing his US citizenship in order to dodge the massive taxes he would otherwise have to pay now that his share of the Facebook IPO is going big.

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Facebook close to final IPO price

Facebook close to final IPO price

It was believed that Facebook was adding more shares to its IPO, set to begin trading tomorrow, but as it turns out those extra shares came from early investors looking to grab some cash. Now it looks like the final IPO price is being narrowed down, with shares expected to fall in the region of $34-38, up from $28-25. The final IPO share prices would put Facebook’s value close to $104 billion.

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Additional Facebook shares for IPO come from early investors

Additional Facebook shares for IPO come from early investors

Over the last few days, we've mentioned that Facebook has added in more shares of stock for its IPO than originally intended. As it turns out those additional shares of stock aren't coming from Facebook itself, rather they're coming from early investors looking to cash in on the recently increased target price. We know that Facebook is offering up to 484.4 million shares of class a common stock, including an overallotment.

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Facebook faces $16bn after increasing IPO again

Facebook faces $16bn after increasing IPO again

Facebook has again increased its IPO stock offering, loosing up almost 84,000 Class A shares more than before according to its newly amended SEC-1 filing. The social network cited covering "over-allotments" as the motivation behind the decision, with the book expected to be closed on the IPO on Thursday this week, and trading of the stock beginning on Friday. If Facebook hits its latest $38 apiece estimate, it could mean the social network raises a whopping $16bn.

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Facebook adds extra 50m shares as IPO value soars

Facebook adds extra 50m shares as IPO value soars

Facebook has added a further 50m shares to its IPO this week, raising the expected public offering price to as much as $38 apiece, and potentially pushing the social network's value to over $100bn. The decision, revealed in Facebook's seventh amendment to its SEC IPO filing, was rumored earlier along with the new price range, which shifts the expected value of shares from $28 - $35 each, to $34 - $38 each.

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Facebook talks mobile as IPO skeptics spread

Facebook talks mobile as IPO skeptics spread

Facebook's IPO may be the deal everyone in tech is talking about, but big-name investors are growing increasingly cautious over whether the site's valuation is deserved, insiders claim. Founder and CEO Mark Zuckerberg has stepped up to reassure traders at the Facebook IPO roadshow that mobile is a focus moving forward, claiming the social site is "just getting started" with its existing apps, and pointing to better integration with third-party services and a "transformative" mobile advertising experience as a key area for profit growth.

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Facebook Co-founder preps for IPO by renouncing US citizenship

Facebook Co-founder preps for IPO by renouncing US citizenship

As Facebook's Initial Public Offering inches closer and closer, co-founder Eduardo Saverin has renounced his US citizenship for tax purposes. What this will do for him is cut down significantly on the cash he'll have to pay in to the USA once his end of the IPO money comes in. As Facebook rakes in what may end up being close to $11.8 billion in this IPO coming up soon, Saverin's cut will be somewhere around $3.84 billion USD.

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Zuckerberg a no-show at Facebook’s Boston IPO roadshow

Zuckerberg a no-show at Facebook’s Boston IPO roadshow

When you're trying to justify an initial public offering somewhere in the range of 11 billion dollars, it's a good idea to keep your calendar in order. Nevertheless, Reuters reports that Facebook's 27-year-old CEO Mark Zuckerberg declined to attend the second stop of the company's IPO roadshow in Boston, leaving over 200 observers - including potential investors - feeling like fans at a cancelled rock concert. Facebook's Chief Operating Officer Sheryl Sandberg fielded questions, but offered no explanation for her boss's absence.

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