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Moderator is Kathy Courtney

Date: 5/17/2012 7:38:57 PM

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Board: Stock Talk

Author: kcourt 

Subject: 18360/18890 - Facebook IPO

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Facebook, the social-networking site that lets some 500 million people trade messages, pictures and videos every day, raised $16 billion for its original stockholders and investors when 421.2 million shares were priced at $38 a share late Thursday.

The price makes this the largest Internet IPO ever. It values the company at $104.1 billion, making Facebook the 40th-most-valuable company in the world, ahead of Amazon.com (AMZN -2.54%) and Qualcomm (QCOM -3.30%) but just behind PepsiCo (PEP +0.03%). It makes founder and CEO Mark Zuckerberg worth some $19.1 billion on the basis of his Facebook holdings alone -- at just 28.

The pricing -- which is what Facebook and selling shareholders will get for their shares -- comes as the U.S. stock slumped in late-day trading.


Anyone buying?

Kathy
 

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