$28-$35 per share? Watch this balloon to $60-$70 as soon as it opens because every single person with a trading account will be stampeding over each other to grab a piece of what is probably the most well known awaited IPO in history!
Facebook Inc. (FB), the world’s most popular social-networking site, is valuing itself at as much as $96 billion in its initial public offering, the largest on record for an Internet company.
Facebook and its holders plan to sell about 337.4 million shares at $28 to $35 each, according to a regulatory filing today. At the top end of the range, the Menlo Park, California- based company would raise $11.8 billion, compared with the 2.92 billion euro ($2.8 billion) IPO for German Internet company T- Online International AG in 2000, according to data compiled by Bloomberg.
Enlarge image Facebook Valuing Itself at Up to $96 Billion in Internet IPO
That would value the company, led by 27-year-old Chief Executive Officer Mark Zuckerberg, at 24 times sales in the 12 months through March 31, compared with 5 times revenue for rival Google Inc. (GOOG), Bloomberg data show. Facebook’s popularity as a tool for staying connected online will spur demand for the stock, even as some investors steer clear of a valuation they deem too high, said Francis Gaskins, president of researcher IPOdesktop.com.
“Some people will buy Facebook stock no matter what -- they’ll just buy it,” said Gaskins, who is based in Marina Del Rey, California. “There’s going to be an initial push of enthusiasm and money, but ultimately, in a year or so, it will come down to valuation metrics. It has to.”
Facebook has amassed more than 900 million users and reported a 24-fold increase in sales over the past four years. The company was considering an IPO valuation of as high as $100 billion, people with knowledge of the matter have said. At that amount, Facebook would have a market capitalization about half as high as Google’s -- even though it has one-10th the sales.
















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i remember exactly the time when a friend of mine said,





