facebook ipo share prices at 3438
Last Updated : GMT 17:04:08
Arab Today, arab today
Arab Today, arab today

Facebook IPO share prices at $34-$38

Arab Today, arab today

Arab Today, arab today Facebook IPO share prices at $34-$38

New York - AFP

Facebook on Tuesday bumped up the price it plans to charge for shares at its stock market debut, giving the leading social network a value that could top $100 billion. Facebook will price its initial public offering (IPO) from $34 to $38 per share, instead of the previously proposed $28 to $35 range, according to paperwork filed early Tuesday with the US Securities and Exchange Commission. The raised IPO share price reflects confidence in demand for Facebook stock and gives the Menlo Park California-based company a value of between $93 and $104 billion. At the higher end of the price range, Facebook could raise nearly $15 billion through the stock sale, with a large chunk of the cash going to its early backers and employees compensated with stock. Facebook is already assured of becoming the most valuable US Web company at the time of an IPO, topping Google\'s $23 billion valuation in 2004. Trading is expected to begin on Friday under the symbol \"FB\" on the technology-heavy Nasdaq. Under a dual-class stock structure, Facebook founder and chief executive Mark Zuckerberg, 28, retains 57.3 percent of the voting power of the shares. The company is expected to reap net proceeds of $6.4 billion at $36 per share. The rest of the cash will go to other sellers and cover the costs of offering, including fees and commissions. Depending on the final value, the IPO would be one of the largest of a US firm on Wall Street, behind the 2008 offering of Visa ($17.8 billion) and General Motors in 2010 ($15.7 billion). The offering is underwritten by several banks led by Morgan Stanley, JP Morgan and Goldman Sachs. Based on the estimated market value, Facebook would in the neighborhood with Amazon ($100 billion) and Cisco ($90 billion) and ahead of Hewlett-Packard ($45 billion) and struggling Yahoo! ($19 billion). Some analysts predicted Facebook\'s stock price will jump quickly to $44 a share and climb much higher in the long term. At the heart of the debate about the wisdom of owning a piece of Facebook is how much revenue it takes in. Revenue vaulted to $1.06 billion in the quarter which ended March 31 -- an improvement year-over-year, but down about six percent from the previous quarter. Eighty-five percent of the total came from ad sales. As one analyst noted, however, Facebook only bills a scant half-percent of the $600 billion spent each year on all kinds of advertising -- even though at least one of every seven minutes spent online around the world is at Facebook. There is wide margin for improvement, seeing as Facebook has more than 900 million users and membership is expanding. The leading social network is unabashedly working to follow members onto smartphones and tablet computers, and the IPO windfall would provide plenty of cash to partner with a hardware maker on a long-rumored \"Facebook phone.\" Morningstar analysts concluded that optimism regarding Facebook\'s prospects was warranted and considered its popularity on mobile devices \"impressive.\" \"Although the company has not actively developed its mobile advertising capabilities, we expect a substantial bulk of mobile advertising dollars to flow to Facebook within the next couple of years,\" Morningstar said. Recent Facebook moves have included letting people store digital files in the Internet \"cloud\" and allowing Microsoft to weave social network feedback into results of Bing-powered searches. \"We\'ve rarely seen a company borrow from its competition as quickly or as well as Facebook,\" Forrester analysts Nate Elliott and Melissa Parrish said in a blog post on Monday. \"And that focus on better serving end users has seen Facebook grow quickly over the years, even in the face of consistent privacy concerns.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

facebook ipo share prices at 3438 facebook ipo share prices at 3438

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

facebook ipo share prices at 3438 facebook ipo share prices at 3438

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Air China suspends flights to North Korea

GMT 10:39 2017 Thursday ,23 November

Air China suspends flights to North Korea
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria opposition meets in Riyadh

GMT 06:23 2017 Thursday ,23 November

Syria opposition meets in Riyadh
Arab Today, arab today Online exhibit shows hidden depths of

GMT 11:45 2017 Thursday ,23 November

Online exhibit shows hidden depths of
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today Srebrenica women cry tears of joy

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 10:43 2017 Wednesday ,22 November

Cigar-shaped asteroid came

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday