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Facebook Files for an IPO
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| OrangestO |
http://dealbook.nytimes.com/2012/02...or-an-i-p-o/?hp
| quote: | It sure pays to have friends.
Facebook, the vast online social network, took its first step toward becoming a publicly traded company on Wednesday as it filed to sell shares on the stock market. The service, hatched in a Harvard dormitory room nearly eight years ago, is on track to be the largest Internet initial public offering ever — trumping Google’s in 2004 or Netscape’s nearly a decade before that.
In its filing, Facebook, which has more than 845 million users worldwide, said it was seeking to raise $5 billion, according to a figure used to calculate the registration fee. The company will seek to have the ticker “FB” for its shares, but did not list an exchange.
But many close to the company say that Facebook is aiming for a far greater offering that could value it as high as $75 billion to $100 billion. At that lofty valuation, Facebook would be much bigger than many longer-established American companies, including Abbott Laboratories, Caterpillar, Kraft Foods, Goldman Sachs and Ford Motor. |
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| Acton |
| Nobody expected this to happen, especially this year..... and for nowhere near this potential market capital. |
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| tubularbills |
| so what is the benefit to buying a share now? |
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| dj_alfi |
| It'd be so funny if everybody were to scared to buy shares because of MU, Sopa, Acta++ and FB went belly up :P |
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| Acton |
I'm not saying don't buy shares in FB, but if you do it immediately, you're a fool.
Despite revenue growth over the past few years, the share price will still fluctuate like every other listed company (#ingobvious). The fact that it's a high profile one will only serve to bring the decrease in share price sooner.... perhaps once everyone's got over the hype of FB being a publicly trading company. |
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| srussell0018 |
| Or you could do what everyone did with Linkedin and bought a ton of shares and sold them the next day when the price skyrocketed. |
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| LAdazeNYnights |
| quote: | Originally posted by Acton
Nobody expected this to happen, especially this year..... and for nowhere near this potential market capital. |
are you serious about this?
i could've sworn i heard grumblings about this as early as november. certainly the talk has intensified, with the market valuation being discusses and generally i've seen it around 70 billion.
on one hand - valuing the ipo that high gives them an incredibly low ratio of revenue generation to valuation, but i was reading that when google first got on the market it faced the same problem. |
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| dj_alfi |
| quote: | Originally posted by LAdazeNYnights
are you serious about this?
i could've sworn i heard grumblings about this as early as november. certainly the talk has intensified, with the market valuation being discusses and generally i've seen it around 70 billion.
on one hand - valuing the ipo that high gives them an incredibly low ratio of revenue generation to valuation, but i was reading that when google first got on the market it faced the same problem. |
i thought he was being sarcastic.. or are you being sarcastic now?:conf: |
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| LAdazeNYnights |
| quote: | Originally posted by dj_alfi
i thought he was being sarcastic.. or are you being sarcastic now?:conf: |
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| Spacey Orange |
| quote: | Originally posted by Acton
I'm not saying don't buy shares in FB, but if you do it immediately, you're a fool.
Despite revenue growth over the past few years, the share price will still fluctuate like every other listed company (#ingobvious). The fact that it's a high profile one will only serve to bring the decrease in share price sooner.... perhaps once everyone's got over the hype of FB being a publicly trading company. |
early investors looking to exit. |
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| pkcRAISTLIN |
| quote: | Originally posted by Acton
I'm not saying don't buy shares in FB, but if you do it immediately, you're a fool.
Despite revenue growth over the past few years, the share price will still fluctuate like every other listed company (#ingobvious). The fact that it's a high profile one will only serve to bring the decrease in share price sooner.... perhaps once everyone's got over the hype of FB being a publicly trading company. |
yeah, was reading about this elsewhere and FB doesn't seem to generate enough revenue to justify its price. |
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| nchs09 |
| quote: | Originally posted by Acton
Nobody expected this to happen, especially this year..... and for nowhere near this potential market capital. |
ahhhhhh
everybody expected this to happen.
o_0 |
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