Facebook becomes the talk of whole world by making themselves public. Facebook today become a IPO company by joining hands with Nasdaq, Menlo Park, California. As we know all the companies under IPO will by given a ticker name and our facebook got it s "FB". It is said that the company will offer 421,233,615 shares at $38 a share, with a valuation somewhere around $100 billion. It actually got changed to public after 30 minutes of delay from the time they planned.
As this process going on one side , many of the bloggers and tech giants remain commanding on whether the decision that Mark took will favor him. Actually the reason for the company to go public is to make more profit for company, the founders and to increase their name in public(that is to get the public image). As said all ready salaries of the companies CEO,CFO and COO got raised.
There where a huge amount of cheers and scoldings too for this act of facebook. The only fear of going IPO is that there are chances of going bankrupted but its the only best way a company can make its margins bigger. Ok lets hope for the best. I think they will sustain this state well and good even though facing these many negative feedback of going public.
" Yep, now with $38 you can be part of the company :) "
here is a funny facebook IPO Timeline :
Comments
Post a Comment