Thursday, May 17, 2012

Facebook IPO is official: $38 per share, on sale tomorrow under ticker symbol 'FB'

In the news lately, and a few short months ago, Facebook announced it was going to go public. A few months ago they filed the papers, and now they are set for tomorrow, which brings the first day of Facebook stock.

A few days ago, the share price was going to be $28, but a few days ago it was raised.

Facebook stock trade on the NASDAQ under the symbol "FB," with the outfit offering 180,000,000 shares of Class A common stock and selling stockholders offering 241,233,615 shares of Class A common stock. Closing of the offering is expected to occur on May 22nd, subject to "customary closing conditions."

So if you are looking to invest in Facebook, don't loose your head. Investing in facebook might not be the best bet, just check this this.

I wish all the best should you choose to invest in Facebook.

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