Facebook has absent public in an IPO that could elevate much more than $18 billion. Facebook priced its IPO at $38 for each share and is providing 180 million shares in the IPO. The shares notched up big opening gains amid significant demand from customers and frenzied investing on the NASDAQ stock current market beneath the ticker FB.
If underwriters exercise a greenshoe alternative, Facebook could increase as significantly as $18.4 billion, creating Facebook’s IPO the 2nd-major first public supplying in historical past, surpassing the value of Common Motors’ IPO.
Insiders have discovered no shortage of traders to fleece. Goldman Sachs doubled the total of its own holdings marketed in the IPO. It begs the question: if Facebook is really worth proudly owning, then why did business insiders dump $9.2 billion in shares?
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