Facebook raised $16 billion in its historic IPO. Facebook sold 421 million shares for $38 each, a price that valued the company at $104 billion, 107 times its profits in the last year.
The biggest winner in the Facebook IPO is its founder, Mark Zuckerberg, who has always made clear that what he cares about is building Facebook into a powerhouse. He didn’t leave any money on the table in this IPO. There was no big IPO pop, suggesting that Facebook sold shares for the maximum amount possible.
See on www.forbes.com
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