Facebook Sets IPO Pricing
Facebook has set the price range for its initial public offering at $28 to $35 a share, according to a new regulatory filing. That would mean the social network could raise up to $13.6 billion through the IPO slated for May 18. Based on the 337.4 million shares it plans to sell in the offering, the preliminary price would value Facebook at $77 billion to $96 billion.
Prior to the pricing Thursday, the company had been expected to go public at a valuation of up to $100 billion. A quarter-over-quarter decline in revenue and profit in the first quarter, however, has raised some doubts about whether Facebook will be the high-growth juggernaut investors are expecting. Following its first-quarter report showing revenue fell about 6% from the fourth quarter, Pivot Research Group analyst Brian Wieser lowered his valuation of Facebook to $75 billion from $82 billion.
Recent Raw Articles
-
Vevo Comes To Windows 8 June 19, 12:01 p.m.
Microsoft’s Windows 8 platform has gotten a little more sizzle with the addition of Vevo. Available ...
-
Adobe's DPS Hits 100 Million Downloads June 18, 5:10 p.m.
In connection with reporting second-quarter results on Tuesday, Adobe said it has delivered 100 million digital ...
-
Google's Motorola Shifts Media Account To Digitas June 18, 3:33 p.m.
Google-owned Motorola has appointed Publicis Groupe’s Digitas to handle global media duties, according to sources. Those ...
-
Mobile Banking Head Weber Leaving Citi June 18, 11:57 a.m.
Tracey Weber, North America head of Internet and mobile banking at Citi, is leaving the banking ...
-
Facebook Upgrades Page Post Link Ads June 17, 6:15 p.m.
As part of its recent effort to simplify its ad offerings, Facebook on Monday announced updates ...
-
Google Pushes 'All Access' Via Starbucks June 17, 2:54 p.m.
With Apple announcing its own music streaming service last week, it wouldn’t be surprising to see ...
-
Fandango Adds To Video Lineup June 17, 12:22 p.m.
Continuing to broaden its content offerings, Fandango over the weekend launched a new series called “Summer ...
-
Netflix and DreamWorks Make a Big Deal for Original Kids Content June 17, 9:56 a.m.
Netflix and DreamWorks Animation this morning announced a multi-year deal in which the studio agreed to ...
-
Deutsch Founder David Deutsch Dies at 84 June 13, 7:59 p.m.
Sad news out of Interpublic’s Deutsch Inc. today—agency founder David Deutsch passed away. He was 84. ...
-
Trailer Watching Up On PCs, Mobile June 13, 5:06 p.m.
Moviegoers are watching trailers on PCs and mobile devices more than ever, according to the latest ...
Be the first to comment on "Facebook Sets IPO Pricing"
Leave a Comment