Credit: Shutterstock photoFacebook priced its 421 million share IPO at $38, the high end of the revised $34-$38 range. The $16 billion deal is 51% larger than that originally anticipated (the company had originally planned to sell 337.4 million shares at a price of $28-$35) and makes it the third-largest US IPO of all time , behind Visa and ENEL SpA and seventh-largest IPO ever . At the IPO price, the company will have a diluted market cap of $104 billion and an enterprise value of $94 billion. Morgan Stanley, J.P. Morgan and Goldman Sachs were the lead bookrunners on the deal. The stock is expected to begin trading on Friday on the NASDAQ under the ticker "FB".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
