Facebook IPO – Prices stock at Dollar 38 a share for IPO

Facebook IPO – Prices stock at $38 a share for IPO

Facebook founder and CEO Mark Zuckerberg announced to sell 30.2 million shares in the public IPO offering. IPO will net Zuckerberg about $1.1 billion dollar.

Facebook stands to make at least $16 billion on its initial public offering (IPO). That’s the most any tech company has ever made from an IPO, and it will give Facebook unprecedented control over its own destiny.

It will also instantly have a ton of capital. There is no shortage of projects that Facebook can and should tackle head-on with its new-found cash, but it needs to prioritize. Everything from mobile to e-commerce to pure research and development are ripe for investment, but the company can’t able to do everything at once.

Shah Gilani joint with host Stuart Varney who IPO shares will go toward and what CEO Mark Zuckerberg must do to with the average investor in the profits. Gilani discuss what Facebook IPO will indicate for the tech industry in 2012.

After offering Facebook IPO, Zuckerberg will hold 503.6 million shares ( 31% shares ) of the company. That stake is value $19.1 billion dollar.

The Venture capital firm Accel Partners, which is the largest shareholder external of Zuckerberg, is selling 49 million shares in the offering. That is regarding a quarter of its Facebook holdings.