Facebook IPO Price Announced Today at $28 to $35 Per Share.

facebook IPO Price Announced Today 28 to 35 Per Share

Facebook IPO Price

Facebook, founded in 2004 by Mark Zuckerberg,  announced this afternoon the opening price for its initial public offering at $28 to $35 per share. Facebook will offer 157,415,352 shares of Class A common stock in the near future.  At the time of it’s IPO, which could take place within a few weeks, Facebook is on course to become the world’s most valuable U.S. Internet company surpassing current record holder, Google, which was valued at $23 billion when it first went public in 2004.   The Wall Street Journal reported that Facebook would price its shares in the high $20s to mid $30s range, putting the company at a valuation of $85 billion and $95 billion.

Facebook Statement From Their S1 Filing Reads:

“Facebook, Inc. is offering 180,000,000 shares of its Class A common stock and the selling stockholders are offering 157,415,352 shares of Class A common stock. We will not receive any proceeds from the sale of shares by the selling stockholders. This is our initial public offering and no public market currently exists for our shares of Class A common stock. We anticipate that the initial public offering price will be between $28.00 and $35.00 per share.”

“We have two classes of common stock, Class A common stock and Class B common stock. The rights of the holders of Class A common stock and Class B common stock are identical, except voting and conversion rights. Each share of Class A common stock is entitled to one vote. Each share of Class B common stock is entitled to ten votes and is convertible at any time into one share of Class A common stock. The holders of our outstanding shares of Class B common stock will hold approximately 96.3% of the voting power of our outstanding capital stock following this offering, and our founder, Chairman, and CEO, Mark Zuckerberg, will hold or have the ability to control approximately 57.3% of the voting power of our outstanding capital stock following this offering.
We have applied to list our Class A common stock on the NASDAQ Global Select Market under the symbol “FB.”  ”

“We are a “controlled company” under the corporate governance rules for NASDAQ-listed companies, and our board of directors has determined not to have an independent nominating function and instead to have the full board of directors be directly responsible for nominating members of our board.”

Facebook S1 Amendment Filing IPO 28 to 35 Per Share

Download the full Amended S1 Facebook Filing Here.

See Facebook Fact Sheet here.

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