Happy IPO Day, $FB! Facebook officially became public this morning when Mark Zuckerberg rang the NASDAQ opening bell from Facebook HQ around 6:30am local time.
In which NASDAQ’s foundations shake.
They were doing just fine before, but Facebook’s biggest minority owners are about to be catapulted into a far more elite bracket. As we ponder what they’ll do with with new millions (or billions in some cases), here’s a look at what got them where they are today.
Welcome To The Facebook IPO Players Club
This picture speaks volumes about who is included at the top levels of the tech game.
Some were smart. Some just had good timing. Others know how and when to invest. All will become rich today.
I’m moving back to New York in a few days. Unlike past...
OMG. I got so...
In this week’s Newsweek, a little...
Tumblr this morning. [h/t anne]
#@#$%!.tumblr.com
Here’s a hidden feature that shipped in...
Watch: PCB gets a visual shout out on GMA’s Yahoo/Tumblr...
» So what’s Facebook total value post-debut? Some analysts says the company could debut valued as high as $86 billion, though that would certainly require its shares to surge in its first day. The final pricing won’t come until after the company’s planned “roadshow” with bank representatives. Representatives of both parties will tour the country to gauge national interest in the offering, before determining the final opening price.The company will be represented by “FB” ticker, and is expected to begin trading on May 17 or May 18.
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It was embarrassing. We feel terrible about it. But the steps that were taken, I believe, were taken at the right pace and the right actions were taken. The firm is responsible. We take responsibility. There’s no outside influence here.Bats Global Markets CEO and President Joe Ratterman • Discussing the company’s utterly embarrassing attempt at an IPO on Friday, which was, in a rare incident, cancelled at the last second. That’s because the company’s computers went haywire, so much so that it led to a halt in trading at the much larger Apple. Despite the incident, Ratterman downplayed what happened: “We’ve had historically very few instances where our systems have gone down, but they have gone down in different ways in the past like every other venue,” he said. “I don’t think this is anything new as much as it was under a bright spotlight.” When was the last time you had to cancel an IPO because you broke another company’s stock?
For those about to rock: Fender, the manufacturers of the legendary Stratocaster electric guitar, are preparing to offer an IPO soon. The company announced plans to sell $200 million in stock currently held by Fender and the guitar maker’s owners. The company, which currently sells its guitars in 85 countries around the world, hopes that the offering will give Fender the ability to “extend our reach to a broader global consumer base.” (photo by Gilga Mesh) source
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