facebook just went public
facebook, gift, ipo, Mark Zuckerberg, Nasdaq, Nasdaq Stock Market, share May 18th, 2012
Ting Ting Ting Ting Ting Ting… That’s the sound of Nasdaq Stock Market bell made by Mark Zuckerberg. Facebook just went public at $38 per share… Facebook sold 421.2 million shares at $38 each which put Facebook value at $104 billion, upped $16 billion… 😛
As comparison, here are the values of the top five companies as of yesterday closing stock prices…
Apple, $496 billion
Exxon Mobil, $383 billion
Microsoft, $250 billion
IBM, $229 billion
Wal-Mart Stores, $210 billion
I wish I have the money and access to the Facebook shares… one lot will be… $38 x 1000 shares… that’s USD$38,000… multiply that with 3 thus making it RM114,000… and that is just the price of initial public offering or IPO… I can’t even make that in one year… 😛
Analyst said Facebook is less than $100 billion, but the banks helping it to go public put it at that value forcing everyone without choice to accept it at that value. That’s how shares being traded… if banker said the value of this piece of paper is $100 although its actual value is just $1, everyone have to accept it… that’s how powerful bankers are.
Well, only rich people can play this game… and they’re getting richer… they can give Ferrari as presents to each of their girlfriends… while those who can’t afford these expensive stocks can only afford wife gift to whet her whistle… that’s life… hahahaha…
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May 18th, 2012 at 11:54 pm
FACEBOOK STOCK OPENS
More than 80 million shares have traded in the first minute at the Nasdaq. The stock opened with a jump of about 11 percent, at $42.05, or $4.05 higher than the listing price.
BIG VOLUME
Facebook topped 100 million shares traded in the first four minutes after its debut on the Nasdaq. By comparison, Amazon.com has traded about 2.2 million shares today and Google about 2 million.
Seven minutes after its first trade, the stock was hovering at about $40, a $2 gain over its offering price.
May 19th, 2012 at 12:33 am
I thought in the US you don’t need to purchase by lots (1,000 shares) i.e. you can choose to buy one share only?
But even if the cost per share is only RM100+, which is surely within rich of most of us, can we purchase the shares from outside the USA?
May 19th, 2012 at 1:20 am
That’s true… can buy the shares in smaller number… 😀
Well, to buy those share in US, need to be registered with their broker I guess…