Facebook on Thursday announced the pricing of U.S. $ 38 per share to a record initial public offering (IPO), which gives it a leading social networking market value of 104 billion U.S. dollars.
Facebook shares will begin trading on Friday (18/5) on the Nasdaq, the company said in a statement.
Facebook said about 421 million shares of common stock will be sold to the public at a price of 38 dollars per share. Facebook offers 180 million and shareholders before selling 241 million.
Something called 'over-allotment "(excess allotment) to 63 million shares will be made available to the underwriter, a consortium including Morgan Stanley, JP Morgan, Goldman Sachs and others.
That would mean one of the largest IPO + + for U.S. companies, raise funds among the 16 billion dollars to 18.4 billion U.S. dollars.
Based on the stock plan, co-founder Mark Zuckerberg will hold 55.8 percent of the vote, down slightly from 57.3 percent forecast. 28-year-old male control over the company's dual class stock structure and a particular stock that gives it a "proxy" to vote.
Net proceeds to the company expected to reach 6.4 billion U.S. dollars
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