Facebook prices 70M-share offering at $55.05


Facebook's (FB) offering price is just $0.07 below its Friday close of $55.12, and only $0.52 below where shares traded when the offering was first announced.

The social networking giant stands to receive gross proceeds of $1.49B by selling 27M new shares. Another 43M will be sold by existing shareholders, 41.35M of which come from Mark Zuckerberg.

With Facebook having ended Q3 possessing $9.3B in cash/investments and no debt, the company has no pressing need to raise additional funds. Is a major acquisition being planned?

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Comments (16)
  • Manitobatex
    , contributor
    Comments (1216) | Send Message
     
    More shares entering the market....possible acquisition...????
    Now who would they want to acquire....Google....nah, but a phone carrier would be more logical.....which one ???? The other option would be Yahoo.....yes Yahoo.............Yahoo with it's large holdings in Alibaba which is based in China with almost unlimited potential to be bigger & better than Amazon & Ebay combined. This acquisition would give FB a strong foothold in China. Facebook's potential could then rival Google by 2025. The potential is in Alibaba and they (Alibaba) need guidance in achieving a business foundation with the basics similarily used by Amazon & Ebay. Alibaba has reportedly already larger numbers than that of Amazon & Ebay combined. Feasible ?
    20 Dec 2013, 07:14 PM Reply Like
  • mindscape8088
    , contributor
    Comments (10) | Send Message
     
    China does not want Face Book at all in that country. It is now blocked there. I doubt any thing will change that.
    26 Dec 2013, 10:25 AM Reply Like
  • scott trader
    , contributor
    Comments (6943) | Send Message
     
    Ten billion Possibilities are endless...
    20 Dec 2013, 10:01 PM Reply Like
  • D.B. Kim
    , contributor
    Comments (142) | Send Message
     
    or just a smart CEO taking money before the sell off.... kindof like the IPO
    21 Dec 2013, 11:10 AM Reply Like
  • vcccd
    , contributor
    Comments (80) | Send Message
     
    If FB bought out YHOO (40B mkt cap), FB would be in a ton of debt
    21 Dec 2013, 12:09 PM Reply Like
  • Mking30
    , contributor
    Comments (142) | Send Message
     
    sound like u should invest in Alibaba
    21 Dec 2013, 05:51 PM Reply Like
  • Manitobatex
    , contributor
    Comments (1216) | Send Message
     
    Doing just that Yahoo
    22 Dec 2013, 09:37 PM Reply Like
  • cledrag
    , contributor
    Comments (37) | Send Message
     
    Maybe. Ten cent Weibo
    21 Dec 2013, 11:01 PM Reply Like
  • SA_Member_8998191
    , contributor
    Comments (160) | Send Message
     
    facebook is a scam. average age of users: 42 years old.

     

    Monthly and daily active users from REAL computers dropping severely. only number growth is from fake indian accounts being counted as active users for the purposes of advertising.

     

    fb advertizing hurts small businesses, who they overcharge to get 'chosen' posts displayed as opposed to simply having their followed be able to read their posts.

     

    this ponzi scheme will come to an end, and that's why we see the company dumping more share now that its reached the top of their ability to get more bagholders.

     

    enjoy your 120+ p/e ratio with falling margins and growth
    22 Dec 2013, 05:34 AM Reply Like
  • JUSTY17
    , contributor
    Comment (1) | Send Message
     
    yahoo
    22 Dec 2013, 05:36 AM Reply Like
  • longday_trader
    , contributor
    Comments (55) | Send Message
     
    Any FB shorts better not ignore YELP, its currently low valuation, its ability to thrust FB into cloud and more definitive monetization, and how much cash (and borrowing power) FB has to make that happen. If not YELP, it'll be some meaningful acquisition to boost FB fully into what Cramer says is the tech "holy trinity" of 2014: mobile, social, and cloud. If you are long, and not a short-term flipper, odds are looking better that FB has something on the horizon.
    22 Dec 2013, 06:06 AM Reply Like
  • Manitobatex
    , contributor
    Comments (1216) | Send Message
     
    Cramer is long FB and YELP.........because ???
    22 Dec 2013, 09:35 PM Reply Like
  • longday_trader
    , contributor
    Comments (55) | Send Message
     
    Suggestion is that FB may be adding lots of cash thru secondary offering to initiate a more substantial acquisition such as YELP but not necessarily YELP. Doubtful they need all this cash to counteroffer Snapchat, as another example. Seems that a few analysts now are speculating on how FB may be piling up cash to acquire something else that is more substantial than snapchat.
    23 Dec 2013, 11:49 AM Reply Like
  • MoonenGermany
    , contributor
    Comments (7) | Send Message
     
    Blackberry?
    22 Dec 2013, 11:39 AM Reply Like
  • Bryan75
    , contributor
    Comments (48) | Send Message
     
    do they really have the capital for yahoo? Also would yahoo do it with there stock at a 52 wk high
    22 Dec 2013, 11:45 AM Reply Like
  • User 10791501
    , contributor
    Comment (1) | Send Message
     
    Could it be Little Eye Labs - India - to facilitate access to Android?
    22 Dec 2013, 11:49 AM Reply Like
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