Update: Facebook’s IPO brings in a valuation of $104 billion
As expected, Facebook completed it’s Initial Public Offering today raising a staggering $16 billion, bringing the total valuation of the uber social network to $104 billion, which makes it one of the biggest IPO’s filed ever.
The NY Times, who broke the news a few minutes ago says investors are paying $38 a share for the offering and the social network’s market value is higher than those of McDonald’s, Citigroup, Amazon.com and all but a handful of other American companies.
It’s certainly an amazing day for Facebook and Mark Zuckerberg, who has come a long way in being triumphant in the social world demolishing all competitors, and raising the bar to new levels. If you want to see how the Facebook IPO numbers stack up, check out this infographic by MBA online and answer the question: Is the Facebook IPO really all that it is cracked up to be?