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Associated Press News: Breaking News | Latest News Today
Monday, May 14, 2012
Facebook nearing a record setting IPO
So, Facebook is scheduled to sell shares in what is deemed to be a record initial public offering for an internet company. If you're in a position to purchase stocks, why wouldn't you? After the IPO, stocks will trade on Nasdaq under the symbol FB. Facebook’s IPO, scheduled for May 17, plans to raise as much as $11.8 billion and values the operator of the world’s most popular social networking site at as much as $96 billion. Investors in the sale are betting the company’s database of 526 million daily active users makes it worth about 99 times the net income earned in the 12 months through March 31. So, again, I ask.....If you're in a position to purchase stocks when they start trading......why wouldn't you? Call your broker.
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