After spending four full months preparing to go public, Facebook has finally announced the price of their shares. Putting an end to all the predictions by experts and all the speculation by those in the media, Facebook has said that shares will be sold at $38 a piece.
It is projected that the total income from the initial public offering will be an amazing $16 billion. It will give Facebook the 3rd largest IPO in the history of the United States. In terms of technological companies, it is by far the biggest IPO ever.
Before the IPO is complete, the SEC must approve all the details. Once this step is complete, the sale of Facebook stock will be begin to buyers.
It is expected that the majority of buyers will be via hedge funds, mutual funds, and other corporate investors.
It is interesting to see how this will effect the operations of Facebook. With shareholders and having so many people owning chunks of the company, it is interesting to see if Facebook officials change anything about their practices to please their new co-owners.
Soon we all could begin to own bits and pieces of Facebook. For just $38 a share, you can rightfully claim to be an owner of Facebook.
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