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Facebook (FB) will likely price its IPO at $38, the high end of its $34-$38 price range, the WSJ...

Facebook (FB) will likely price its IPO at $38, the high end of its $34-$38 price range, the WSJ reports. That would translate into a market cap of $104B. However, it's added "discussions are still fluid." Facebook is also expected to sell its entire over-allotment option, which means $18.4B worth of shares will be sold in the offering.
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Comments (4)
  • Mbrillo1
    , contributor
    Comments (415) | Send Message
    Last night while having dinner in a restaurant, as we caught drifts and snippets of conversations, we heard so much banter focused on one topic ....Facebook! I can just imagine that, around the country....around the world, this scenario is also being played out.


    The snatches of pro-con opinions about Face Book was fascinating..
    At our table, we were six people, ranging in age from 23 to 56 so the range of opinions was interesting to hear. From the younger people espousing that they had moved away from FB to the older people who looked at it as a simple power tool.
    The total agreement at the table was that Facebook is a universal tool in "Connecting people". And therein lies the phenomenon; never has a entity of this sort had the ability to create interaction between so many people.


    What is so significant, about this company is that it has captured the interest of a vast gamut of our society. Across socio-economic barriers, across nations, political and religious divide...Facebook is the paradigm of social networking in our digital world. The real question: Can this company harness its potential and continue to morph to keep pace with ever-changing technologies and interests?


    "To own or not to own Facebook? That is the question".
    And whether one is an investor or an onlooker, this is the topic that is being bandied about. The sport of Facebook begins tomorrow. Millions of people will
    keep score.


    My own opinion about Facebook stock means nothing. To me, Facebook represents the future and the future will be positive as long as so many people have the efficacy to communicate.
    Never-ever has this been the case.
    17 May 2012, 02:27 PM Reply Like
  • rabdoes
    , contributor
    Comments (30) | Send Message
    I have a facebook page. If they value me at $100, they are about $100 too high.


    But I'll take what I can get on the IPO.


    Hoping to get 20% of my order from Schwab. Anyone wanna bet my % fill?
    17 May 2012, 02:28 PM Reply Like
  • J 457
    , contributor
    Comments (952) | Send Message
    Closed my FB account three months ago. Many people I know have done the same. Too many privacy issues- school teachers, policemen, govt employees, security related positions, all need to closely watch their "friends" and make sure no one post inappropriate discussion. Too many countless meaningless updates from "friends" wanting to share trivial daily routine. Look for GOOG and/or Apple to ramp up social networking soon. All AAPL needs to do is force users to use their internal platform (like they do everything else) and millions of FB users would vanish.
    17 May 2012, 04:26 PM Reply Like
  • David Urban
    , contributor
    Comments (1036) | Send Message
    Valuations are too rich for this stock and the 900+ million users are inflated by people with multiple profiles.


    If they can figure out search (they are doing more than people think) then revenues should soar but even at that case there would be little left on the table for investors.


    Going to pass and wait.
    17 May 2012, 04:42 PM Reply Like
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