Facebook’s Failed IPO

Posted by Sian Phillips under News
From http://tweakyourbiz.com 117 days ago
Made Hot by: AmyJordan on January 22, 2013 4:17 pm

By Simon

On the day of Facebook’s initial public offering (IPO), on May 18th, 2012, David Ebersman, the company’s Chief Financial Officer, valued the stock at $38 per share, making it one of the largest IPOs in history, raising $16 billion. It set a new record for the trading value of an IPO, and had been underwritten by three of the biggest banks in America – Morgan Stanley, JP Morgan, and Goldman Sachs.

Who Voted for this Story

Top BizSugar Users

This week's most active BizSugar users. Join Them!

Comments

Written by elainerogers
113 days ago

Hi Simon, interesting post!

I stay well clear of chancing my arm with shares. I read an article yesterday that convinced me it's just not for me. However, as the rules and goalposts change with relation to traditional methods and angles, I think Facebook and peers, can teach us a new form of going public.

Nothing is certain in this game, and just because they survived since, doesn't mean investing in FB is now a sure bet. Just look at the history of Apple - enough to give anyone a heart attack over the past few weeks (especially the past few days)

What built the stock markets before are not what may sustain them in future - the future is so uncertain for us mortals anyway, I certainly won't be cashing in my post office savings :)

- 0 +

Written by lyceum
117 days ago

I think it was a success that Facebook made it to the exchange. Now they have learned a lesson from this. The free market will take care of the situation. My question is: do you think that companies like Facebook and other tech companies will have the same influence like the old traditional manufacturing companies that are a big part of the Dow Jones Index, sometime in the future?

- 0 +

Contributors of the Week

Latest Comments

Valentine Belonwu

Valentine Belonwu is the Founder of JustRetweet.com, a tweet submission site that enables any small business owner, entrepreneur or blogger to have Twitter users share …