Friday, May 4, 2012

Facebook S-1 Confirms IPO Share Price Of $28-$35, Raising $5B To $6.3B, Hardware Patent Lawsuit Threats

Facebook S-1 To IPO SealFacebook just posted a fith amendment to its IPO filing, confirming the price range for its stock at IPO, how much it will raise, and noting the future threat of patent lawsuits from Yahoo over hardware in Facebook's Open Compute Project. The company is selling 180,000,000 shares of Class A common stock and is pricing them at $28-$35. That means they're raising between $5 ?billion and $6.3 billion.?On top of that, existing shareholders are selling?157,415,352 shares. Here's the excerpt:
Facebook, Inc. is offering 180,000,000 shares of its Class A common stock and the selling stockholders are offering 157,415,352 shares of Class A common stock. We will not receive any proceeds from the sale of shares by the selling stockholders. This is our initial public offering and no public market currently exists for our shares of Class A common stock. We anticipate that the initial public offering price will be between $28.00 and $35.00 per share.
This confirms the earlier pricing that we posted about today. We had a more specific range than The Wall Street Journal or The New York Times, saying the price was at $27-$35. We were off by a dollar, but they said 'high 20s to mid 30s' in their original stories.

sears office max office max cyber monday deals 2011 cyber monday deals 2011 bernie fine bernie fine

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.