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Ultimately underwriters settled on a price of $38 per share, at the top of its target range. This price valued the company at $104 billion, the largest valuation to date for a newly public company. On May 16, two days before the IPO, Facebook announced that it would sell 25% more shares than originally planned due to high demand.
Facebook IPO: Facebook goes public, negotiating a share price of $38 apiece, valuing the company at $104 billion, the largest valuation to date for a newly listed public company. [168] 2012
Facebook's initial public offering came on May 17, 2012, at a share price of US$38 ($50.00 in 2023 dollars). The company was valued at $104 billion ($138 billion in 2023 dollars), the largest valuation to that date.
Meta Platforms, Inc., [10] doing business as Meta, [11] and formerly named Facebook, Inc., and TheFacebook, Inc., [12] [13] is an American multinational technology conglomerate based in Menlo Park, California. The company owns and operates Facebook, Instagram, Threads, and WhatsApp, among other products and services. [14]
By the end of that week, Meta’s share price reached $262.04. Meta stock closed at $314.31 on Aug. 2 and is up about 150% for the year. Meta’s stock price is higher today than it was around the ...
An initial public offering ( IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors [1] and usually also to retail (individual) investors. [2] An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges.
The Facebook real-name policy controversy is a controversy over social networking site Facebook 's real-name system, which requires that a person use their legal name when they register an account and configure their user profile. [1] The controversy stems from claims by some users that they are being penalized by Facebook for using their real ...
A stock market, equity market, or share market is the aggregation of buyers and sellers of stocks (also called shares), which represent ownership claims on businesses; these may include securities listed on a public stock exchange as well as stock that is only traded privately, such as shares of private companies that are sold to investors ...