Facebook raises IPO price as offering nears
Already expected to be the largest-ever initial public offering for an Internet company, Facebook is making its IPO even bigger.
The world's largest online social network on Tuesday increased the planned price range for its stock to $34 to $38 per share in a filing with the Securities and Exchange Commission. That's up from its previous range of $28 to $35. At the upper limit of $38, the sale would raise about $12.8 billion. Read more...
Facebook unsure it can enter China because of government regulations
China, one of the world's largest Internet markets, could be out of reach of Facebook because of the Chinese government's strict censorship policies, the company said in its filing on Wednesday for an initial public offering (IPO).
The company however continues to "evaluate entering China."
Analysts do not expect conditions to get favorable soon for Facebook in China. The market, which already has popular homespun social networking sites, is also moving to Twitter-like microblogs.
"China is a large potential market for Facebook, but users are generally restricted from accessing Facebook from China," the filing said. "We do not know if we will be able to find an approach to managing content and information that will be acceptable to us and to the Chinese government," it added. Read more...
Facebook’s $100 billion IPO: By the numbers
When the social network goes public in 2012, Mark Zuckerberg's company may instantly become one of the the biggest hits in IPO history
One hundred billion dollars. That's the eye-popping amount at which Facebook's swoon-worthy 2012 IPO could value the social media giant, according to The Wall Street Journal. Here, a brief guide to the figures and the forecasts:
$24 billion
Net worth gained by Facebook CEO Mark Zuckerberg if the IPO values his company at $100 billion Read more...
Is Facebook’s IPO worth $100B?
Facebook may not be having its initial public offering until sometime in 2012 but its potential valuation is already generating a lot of buzz.
For months now, would-be investors and industry analysts have been expecting the world's largest social networking site to conduct an IPO next year.
And there's been a lot of talk that this could be the biggest and most exciting IPO since Google went public.
Some even say Facebook's IPO could be bigger than Google's. Read more...
Wall Street Beat: China Tech IPOs Create US Buzz
Chinese tech companies are once again creating U.S. IPO market buzz, with social-networking site RenRen going public Wednesday, software security vendor NetQin Mobile launching Thursday, and several more companies set for public offerings next week.
RenRen, dubbed "the Facebook of China," made a big splash, raising US$743 million with its IPO on the New York Stock Exchange. In what was one of the more highly anticipated Chinese IPOs of the year so far, shares skyrocketed almost 71 percent up from the initial offering of $14.00 Wednesday to settle down at $18.00. Read more...