Search Results for: facebook ipo

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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Facebook shooting for May IPO

Facebook shooting for May IPO

Facebook may be ready to hold its initial public offering in May, according to a source familiar with the matter. The company recently asked firms to stop the trading of its privately held shares in the secondary market, a sign that it's trying to eliminate any valuation churns that might complicate its IPO.

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Facebook aims for Mobile Ads to target IPO interest

Facebook aims for Mobile Ads to target IPO interest

Reports show that both analysts and those claiming to be in inner Facebook circles are stating mobile advertisements are on the way. This move would pinpoint a time between when the group has announced its Initial Public Offering and the moment it goes live. With the Facebook IPO announcement having come just last week and the actual sale of stocks looking to be somewhere around May, this mobile ads project, should it prove true, would be a power move by Facebook to attain hype and interest by the time that stock drops.

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Facebook founder’s iron-grip IPO could sink or save site

Facebook founder’s iron-grip IPO could sink or save site

Weighting of Facebook founder Mark Zuckerberg's shares in the social network to ensure he keeps majority control after the IPO could present accountability issues, experts warn, and could prove a turnoff to investors. Zuckerberg will hold over 28-percent of Facebook once it floats, but thanks to a double tiered stock structure his shares will be worth 10x more in voting power than common stock. That will give him 56.9-percent of overall voting power, or in effect the power to veto any decision he doesn't think is right for Facebook.

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Facebook’s IPO filing sends Zynga stock soaring

Facebook’s IPO filing sends Zynga stock soaring

The big story this week has been the Facebook IPO filing that is set to make a bunch of early employees at the social network millionaires. The Facebook IPO filing also showed how important game developer Zynga was to the money Facebook earns. The filing showed that Zynga accounted for 12% of Facebook's 2011 revenue. That means that to some extent profits for Facebook and profits at Zynga are intertwined.

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