Facebook's initial public offering on May 18, 2012, raised 16 billion dollars and valued the company at 104 billion dollars, then the largest technology IPO in history, but the stock's debut was marred by technical glitches on the NASDAQ exchange and the shares fell sharply below their offering price in subsequent months. The IPO nonetheless became one of the most closely watched public listings of the social media era and, after recovering, cemented Facebook's status as a dominant global technology company. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/
Facts
Event TypeInitial public offering 1 Connections
Associated With
The Facebook May 2012 initial public offering, hampered by Nasdaq technical failures and a swiftly revised valuation, is a finance-practice case study in high-profile IPO execution risk.
Source Wikipedia, Facebook Initial Public Offering
The company that went public in this 2012 IPO was Facebook, Inc., which renamed itself Meta Platforms, Inc. in 2021; same legal entity.
Source Wikipedia, Facebook Initial Public Offering
Companies Involved
Source Wikipedia, Facebook Initial Public Offering
Sources
1. Wikipedia, Facebook Initial Public Offering
WikipediaLead section, opening paragraph
The technology company Facebook, Inc., now known as Meta Platforms, held its initial public offering (IPO) on Friday, May 18, 2012, with shares trading on Nasdaq under the ticker symbol FB.
- Associated With: Meta Platforms, Inc.
- Associated With: Finance
- Companies Involved: Meta Platforms, Inc.
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