Connect with us

Internet

Facebook to sell shares at $38, values company at $104bn

Facebook will officially begin trading at $38 per share on Friday morning in what will be the biggest IPO ever from an internet company.After months of speculation, and a week of last minute adjustments from Facebook, Friday’s listing on the NASDAQ index will raise $16 billion for Mark Zuckerberg’s company.The CEO himself, who founded the company in his Harvard dorm, is expected to become an instant billionaire, selling over 30m shares to net over $1.1bn.The $38 shares, which will be available to buy to the public, will see the company valued at a staggering $104 billion overall, with $81 market capitalisation.Dwarfing GoogleThe $16 billion-valued IPO dwarfs the previous mark achieved by an internet company. Google hit the stock market in 2004 in the years following the dotcom bust, and raised $1.67bn.Facebook’s offering, however, is in a completely different stratosphere.Related StoriesScientists show off the future of Wi-Fi – smash through 3Gbps barrierNews In Brief: One More Thing: Rio Ferdinand for England, according to EA SportsYahoo in embarrassing Facebook lawsuit blunderGoogle unveils its semantic search plans – the Knowledge GraphGmail gets more Google+ with people-friendly makeover

Avatar

Published

on

Facebook will officially begin trading at $38 per share on Friday morning in what will be the biggest IPO ever from an internet company.After months of speculation, and a week of last minute adjustments from Facebook, Friday’s listing on the NASDAQ index will raise $16 billion for Mark Zuckerberg’s company.

The CEO himself, who founded the company in his Harvard dorm, is expected to become an instant billionaire, selling over 30m shares to net over $1.1bn.The $38 shares, which will be available to buy to the public, will see the company valued at a staggering $104 billion overall, with $81 market capitalisation.Dwarfing GoogleThe $16 billion-valued IPO dwarfs the previous mark achieved by an internet company. Google hit the stock market in 2004 in the years following the dotcom bust, and raised $1.67bn.Facebook’s offering, however, is in a completely different stratosphere.

See the original article here:

Official: Facebook to sell shares at $38, values company at $104bn

Comments

Ecommerce

Thailand’s internet economy to hit US$53 billion in 2025

New users in Southeast Asia are coming online at a blistering pace, adding 40M new Internet users this year alone compared to 100M between 2015 and 2019 and 70% of the region’s population is now online.

Avatar

Published

on

Internet usage in Southeast Asia continues to multiply, with 40M new users this year alone

Southeast Asia’s Internet sectors continue to see strong growth, hitting $100 billion in 2020, and are on track to cross $300 billion by 2025 stated a report by Google, Singapore state investor Temasek Holdings and business consultants Bain & Co.

(more…)
Continue Reading

Ecommerce

Southeast Asia’s internet economy hits $100 billion

The two pacesetters in the region are Indonesia and Vietnam, which lead the pack with growth rates in excess of 40% a year.

Avatar

Published

on

The internet economies in Malaysia, Thailand, Singapore and the Philippines are growing by between 20% and 30% annually, with no signs of slowing down, according to Google and Temasek multi-year research program. 

(more…)
Continue Reading

Internet

Thailand enters 5G technology era

Thailand is leading the ASEAN community in 5G technology beginning with Chulalongkorn University and the Eastern Economic Corridor project from next year.

Olivier Languepin

Published

on

The Thai Government’s National Broadcasting and Telecommunications Commission (NBTC) says it wants Thailand to be one of the first Asian countries to make the jump to 5G.

(more…)
Continue Reading

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,609 other subscribers

Trending