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Ultimately underwriters settled on a price of $38 per share, at the top of its target range. [23] This price valued the company at $104 billion, the largest valuation to date for a newly public company. [24] On May 16, two days before the IPO, Facebook announced that it would sell 25% more shares than originally planned due to high demand. [25]
Facebook's initial public offering came on May 17, 2012, at a share price of US$38 ($50.00 in 2023 dollars [20]). The company was valued at $104 billion ($138 billion in 2023 dollars [20]), the largest valuation to that date.
Meta Platforms, Inc. Meta Platforms, Inc., [10] doing business as Meta, [11] and formerly named Facebook, Inc., and TheFacebook, Inc., [12][13] is an American multinational technology conglomerate based in Menlo Park, California. The company owns and operates Facebook, Instagram, Threads, and WhatsApp, among other products and services. [14]
As of DWAC’s opening share price Friday, that could value his stake at more than $3 billion. DWAC shares, which fell Friday but then surged again Monday, have more than doubled this year but are ...
Facebook releases its 2016 Q1 earnings report, showing an increase in earnings to 77 cents per share up from 42 cents per share a year ago. The earnings beat analyst expectations, and cause Facebook share prices to soar, leading its market cap to exceed that of Johnson & Johnson. Facebook also reports an increase of 57% in advertising revenue ...
Ridley Scott is reviving his “Gladiator” franchise after 24 years with the upcoming “Gladiator II,” and it sounds like that may be the end of the road for his epic story.
Facebook goes public, negotiating a share price of $38 apiece, valuing the company at $104 billion, the largest valuation to date for a newly listed public company. [60] 2012 Launch Snapchat launches video sharing, allowing users to share 10-second videos. [61] 2012 Launch Tinder, a dating-oriented social networking service, launches. [62] 2012
Underwritten by Bear Stearns on 13 November 1998, the IPO was priced at $9 per share. The share price quickly increased 1,000% on the opening day of trading, to a high of $97. Selling pressure from institutional flipping eventually drove the stock back down, and it closed the day at $63.