Facebook Inc. could end its first day of public trading on New York\'s Nasdaq Stock Market Friday worth as much as $104 billion, analysts say. The figure would make the social network\'s market value higher than those of McDonald\'s Corp., Citigroup Inc. and Amazon.com Inc., analysts said. Facebook founder, Chairman and Chief Executive Officer Mark Zuckerberg -- whose stake in Facebook after the initial public offering is estimated at $19 billion -- was to ring the opening bell for the Nasdaq from Facebook\'s headquarters in Menlo Park, Calif. He was to be surrounded by executives, engineers and other Facebook employees, a company statement said. An estimated 421 million Facebook shares, trading under the ticker FB, were to start trading about 11 a.m. EDT at a starting price of $38 each. Roughly 60 percent of the shares are coming from insiders and other existing shareholders, CNBC said. Newly public technology stocks -- particularly ones that have captured investors\' attention like Facebook -- often achieve double-digit gains in a one-day pop, The New York Times said. Raising $18.4 billion would make Facebook\'s debut the second-largest IPO in U.S. history, behind only Visa Inc., which raised $19.7 billion when it went public March 18, 2008. Visa sold 406 million shares at $44 a share -- $2 above the high end of the expected $37 to $42 pricing range, a United Press International review of records at the time indicated. The Nasdaq OMX Group Inc., which owns the Nasdaq Stock Market and eight European stock exchanges, said it would hold a 2-hour conference call beginning at 10:15 a.m. \"to keep the industry informed leading up to and during the Facebook IPO.\" Read more: http://www.upi.com/Top_News/US/2012/05/18/Zuckerberg-to-ring-Nasdaq-opening-bell/UPI-50321337326200/#ixzz1vE8j5EOG
GMT 12:01 2018 Tuesday ,23 January
Bahrain Bourse daily trading performanceGMT 19:16 2018 Monday ,22 January
TRA responds to hoax Dh5,000 VPN fine SMSGMT 13:09 2018 Sunday ,21 January
Bahrain Bourse daily trading performanceGMT 13:50 2018 Friday ,19 January
US SEC says bitcoin funds raise ‘investor protection issues’GMT 06:50 2018 Friday ,19 January
European stocks mostly advance on bright global outlookGMT 09:12 2018 Thursday ,18 January
European stock markets join global downtrendGMT 17:06 2018 Wednesday ,17 January
China temporarily waives taxes to get foreign firms to stayGMT 17:01 2018 Wednesday ,17 January
JPMorgan Chase earnings drop on weak trading, tax itemsMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor