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.
Facebook’s Failed IPO
Posted by Sian Phillips under NewsFrom http://tweakyourbiz.com 4105 days ago
Made Hot by: AmyJordan on January 22, 2013 10:17 pm
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Comments
4101 days ago
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 :)
4105 days ago