As had been look , Facebook will debut on the Nasdaq tomorrow morning at aprice of $ 38 per plowshare . What ’s that mean for you ? Not much . What ’s that mean for Mark Zuckerberg and Co. ?
Sixteen billion dollars .
That $ 38 per share comes at the upper end of the ambit the SEC would have allow Facebook to open up with , and values the company at around $ 104 billion . Which might seem pretty strong-growing considering the company pull in revenues ( not profits ! ) of $ 3.7 billion last class . And it is ! It is a very aggressive rating of a company that has n’t yet proven that it can actually change its 900 million exploiter into great bragging piles of money .
It ’s hard to blame Facebook and its banker for being optimistic , though ; this is one of the most high - profile tech IPO since perpetually , and fond memories of the 2004 Google cash volcano have been haunting investors ever since FB announce its public intentions . And my how current shareholder will turn a profit ! Zuck alonewill be selling offabout $ 1.2 billion worth of shares , after which his stake in the company will be deserving a mere $ 19 billion . Goldman Sachs , another early Facebook investor , will also see a billion dollar mark worth of Facebook gain .
But what about you , dear reader ? What do you tolerate to take in from Facebook ’s debutant ball?Not much , unfortunately . In expectant IPOs like this , the majority of plowshare are already spoken for ; they ’ll only become wide available once the clayey hitters have decided to cash in on the initial rush , and you ’ll be stick catching them on the way down . [ CNBC , WSJ ]
https://gizmodo.com/reminder-the-5-billion-facebook-ipo-wont-make-you-ric-5881223
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