After years of rumor and waiting, Facebook has finally filed for its IPO, kicking off the process by which it will become a publicly traded company. The social networking behemoth has officially set its opening stock price at $38 per share, which confirms its $100+ billion valuation. Selling off its initial shares should raise a cool $16 billion.
Some argue Facebook's IPO was far from a success, and DealBook has an idea of who should be held liable for the mistakes.
As Facebook's stock price continues to slide, questions emerge about how low its shares can go.
Facebook's stock has fallen below its initial trading price, and the NASDAQ stock exchange has said that it will be changing its procedures to fix glitches that were revealed during Facebook's initial public offering.
The social network in writing, from a Harvard dorm room to the NASDAQ floor
Facebook ends its first day as a publicly traded company
Live commentary on Facebook's first day of public trading.
Facebook's stock price doesn't reflect its fundamental business, and some believe its already past its prime. But betting on Mark Zuckerberg, while pricey, has a way of paying off.
To commemorate the momentous day on which Facebook finally starts public trading, Mark Zuckerberg has been invited by NASDAQ to ring the stock exchange's opening bell.
Facebook just confirmed it has priced its initial public offering of 421,233,615 shares of stock at $38 per share. At that price, the company's market cap should be $104.12 billion in total.
Facebook has received approval to trade its stock on the Nasdaq exchange following the company's forthcoming IPO.
The Wall Street Journal reports that Facebook will begin pitching its stock to investors starting Monday of next week, and should the social network be successful in obtaining interest, it will hold its initial public offering on May 18th.
Facebook has reported earnings for the first quarter of 2012, revealing that it has now hit 900 million monthly active users.
How do billion-dollar deals get made in Silicon Valley? In the case of Facebook's acquisition of Instagram, the negotiation period was a mere weekend at Mark Zuckerberg's house, where the two founder-CEOs thrashed out the valuation of the photo-sharing mobile application.
Facebook may be preparing its IPO for May, attempting to raise $5 billion in cash.
We've pulled out interesting facts and figures from Facebook's $5 billion IPO filing today.
We're digging through Facebook's SEC filing for details on the company in the wake of it's IPO announcement and came across this shocker: fully 12 percent of the company's revenue comes from Zynga ads and apps. Facebook makes no bones that it is a risk for the company if Zynga runs into problems.
Mark Zuckerberg preaches to future investors.
As expected, Facebook just filed its initial public offering paperwork with the Securities and Exchange Commission, marking the beginning of its process to become a publicly traded company.
The New York Times reports that Facebook will file for its initial public offering tomorrow. The company is reportedly looking to earn about $5 billion in new capital by selling its stock on the open market for the first time — a number just half of the $10 billion rumors that have been floating around, but things could change "significantly" as the process gets underway.
Sources have told The Wall Street Journal that Facebook may file papers for an initial public offering of up to $10 billion next week.