New York, New York – May 18, 2012 – www.InvestorIdeas.com, a global investor research portal, specializing in sector research including tech stocks issues an investor alert for social networking stock, Facebook (NASDAQ: FB) on its first day of trading following its IPO. Facebook has changed the world bringing social change that was never imagined possible and is now creating the biggest buzz in the market in years. Will this bring retail investors and more importantly young investors into the stock market?
Facebook (NASDAQ: FB) initial public offering consisted of 421,233,615 shares of its common stock at a priced to the public of $38 per share.
Facebook is offering 180,000,000 shares of Class A common stock and selling stockholders are offering 241,233,615 shares of Class A common stock. Closing of the offering is expected to occur on May 22, 2012, subject to customary closing conditions.
In addition, Facebook and the selling stockholders have granted the underwriters a 30-day option to purchase up to 63,185,042 additional shares of Class A common stock to cover over-allotments, if any.
Morgan Stanley, J.P. Morgan, Goldman, Sachs & Co., BofA Merrill Lynch, Barclays, Allen & Company LLC, Citigroup, Credit Suisse and Deutsche Bank Securities are serving as book runners for the offering. RBC Capital Markets and Wells Fargo Securities are serving as active co-managers.
Founded in 2004, Facebook’s mission is to make the world more open and connected. People use Facebook to stay connected with friends and family, to discover what’s going on in the world, and to share and express what matters to them.
Read the entire S1 IPO filing for Facebook:http://www.sec.gov/Archives/edgar/data/1326801/000119312512034517/d287954ds1.htm
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