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

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

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.

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.
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