Initial Public Offering
Shares of Facebook plunged to all-time lows after early investors and insiders were allowed to sell their shares Thursday, dimming California’s hope for a capital gains windfall that would help balance the state budget.
It’s been a month since Facebook’s IPO fell flat and in that time, the market for initial public offerings has collapsed.
New documents show that federal regulators wanted to know more about Facebook’s mobile users and the company’s relationship with the online game company Zynga in the months leading to Facebook’s initial public offering of stock.
A group of shareholders have filed a lawsuit against Facebook, its executives and Morgan Stanley, the lead underwriter of the social networking firm’s initial public offering last week.
Facebook is in talks with the New York Stock Exchange to move its stock from the Nasdaq Stock Market after a botched initial public offering on Friday, according to a person familiar with the matter.
Facebook stock rose more than 10 percent in the world’s biggest online social network’s debut as a publicly-traded company before retreating back to break-even levels.
Facebook has priced its initial public offering of stock at $38 per share. That’s the high end of its expected range of $34 to $38.
When Facebook goes public on Friday, a company that caters to the smallest of retail investors expects to take a lot of orders from customers who want to buy just a single share.
He famously wears a hoodie, jeans and sneakers, and he was born the year Apple introduced the Macintosh. But Mark Zuckerberg is no boy-CEO.
Facebook, the company that turned the Web social, has set a price range for an initial public offering of stock that values the company at up to $95 billion.