More: http://www.theaustralian.com.au/bus...-ipo-raising-5bn/story-fnc36pky-1226260303704
Any thoughts about this high profile IPO?
Facebook files for IPO, valued at between 75 billion and 100 billion dollars
Shayndi Raice
From: The Wall Street Journal
February 02, 20129:07AM
FACEBOOK filed for an initial public offering (IPO) that could value the company at between $US75 billion ($72 billion) to $US100 billion, putting the eight-year-old social network on track to be one of the biggest Web stock market debuts of all time, even as it tries to keep up with sky-high expectations.
In a securities filing, the Menlo Park, California company said it is seeking to raise $US5 billion. That figure is a placeholder and will likely change. Facebook hopes to raise as much as $US10 billion when it goes public in the spring, said people familiar with the matter.
The company revealed it has been growing fast, but the figures were less than some had expected. Facebook said it produced $US3.71 billion in revenue in 2011, up from $US1.97 billion a year earlier. Outside estimates had pegged Facebook's revenue for 2011 at $US4.27 billion.
While first day jumps in IPOs make for great TV and everyone is anxiously awaiting their allocation to the 'greatest IPO of all time' this week, we thought it might be useful to look at some of the larger and more recent tech IPOs to get some perspective on how close to the moon we will get when Facebook is released. Looking at eight of the larger and more media-promoted IPOs of the last year or two (GRPN, ZNGA, LNKD, P, YOKU, DANG, AWAY, and FFN) we find, aside from the potential for an average 50% pop from the lucky allocation / untradable IPO price, the man in the street that bought the IPO in the market on Day 1 now faces an average loss of 54% with incredibly only 1 of the 8 names (ZNGA) still holding on to gains (+11%) having managed to rally 15% in the last week.
I wouldn't say bang on the 18th but in all likelihood it will be before the end of the month.
Anyone remember MySpace?
SYDNEY (MarketWatch) -- Facebook Inc. [s fb] has raised the price range of its initial public offering to between $34 and $38 a share, The Wall Street Journal reported late Monday, citing a person familiar with the matter. The price range was initially set at $28 to $35 a share, valuing the firm at $77 billion to $96 billion, according to the report.
Yeah i just heard that on the Bloomy too, had a chuckle! I wonder how many poor mom and pops will get sucked into that one?
A rough time for an IPO, why on earth they didn't do it back after Christmas i'll never know.
CanOz
Buffets not on board either, even though he engaged with the underhanded hard sell from Zucker for 3 hours!
Buff said Zuck's a smart guy but was not buying at this point.
Zuckerberg puts it: “We’re going public for our employees and our investors. We made a commitment to them when we gave them equity that we’d work hard to make it worth a lot and make it liquid, and this IPO is fulfilling our commitment.”
That is a great point.
It also kind of reads, we know this is bull**** but we have to do it.
When it hits a value of 200Billion I'd be selling because it's probably worth 1.
Unfortunately, cool does not always go hand in hand with profitable.
Apple?
Google?
Microsoft? (once was cool :cool)
Porsche?
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