Tag Archives: public offering

Facebook

BY RICH GALEN
Reprinted from Mullings.com

The investing community is agog at the prospect of the Initial Public Offering (IPO) of Facebook on Friday.

If you’re under 103, you probably have a Facebook page. You and about 901 million others. I have a Facebook page. I started it about four years ago when the younger people in the office teased me about being 103 years old.

I opened my Facebook page and immediately started the “friend” chase. I decided that having more friends than people I knew was a good thing so I started trolling for friends. I now have the maximum number of friends an individual can have. 5,000. I actually know about 27 of them. The rest, as I have mentioned before are a combination of “Friends” trollers, people who have seen me on TV but wouldn’t know me at the Safeway, and Ukrainian hookers.

Although, according to CNBC.com, a final decision won’t be made until Thursday evening, analysts expect Facebook shares to cost between $34 and $38 a share which would value its “upcoming offering at as much as $18.5 billion” and the entire company of something in the area of $100 billion. Continue reading