Facebook Fixes its Starting Price to the Stock $28 to $ 35 Per Share
Facebook, the world’s largest social network, today set the price of its IPO in a range between 28 and $ 35 for each of its common stock, which could raise up to 11,800 million dollars with their expected Release on Wall Street.
According to documents filed today with the Securities and Exchange Commission of USA (SEC), the network will bring to bag 180 million common shares and Class A shareholders of the company sold another 157, 4 million.
In addition, the social network leaves open the door to market 50.6 million Class A shares to satisfy additional “excess demand” which can be found, thus raising the public offering of shares (IPO) could even climb to 13,580 million dollars.
Based on these figures, the firm will Wall Street valued between 77,000 and 96,000 million dollars and become the biggest stock market debut of a U.S. Internet company since the release of Google, in 2004 raised 1,900 million dollars with a review of 23,000 million.
The social network will bring to bag two kinds of common stock: a class A will mean the right to vote in company decisions, and other Class B entitled to ten votes and will be convertible at any time in class .
The founder, president and CEO of the company, Mark Zuckerberg, will control 57.3% of the voting power of the company once it begins trading on the New York Nasdaq Stock Market under the symbol “FB “which likely will occur on 18 May after setting the final price eve of IPO.
The company explained in those papers with the U.S. Securities and Exchange already has 901 million active users each day around the world and every day up to 300 million Facebook photos.
Several specialized media published today, citing sources close to the company, Facebook will start next week called “roadshow”, which is attracting potential investors to its IPO.
According to filings with the SEC on April 23, the benefits of Facebook fell 12% in the first quarter of 2012 due to a significant increase in spending, while in the whole of 2011 the popular social network had entered 3700 million, 88% more.
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Category: Business News
