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.
Facts
Event TypeInitial public offering 1 Cross-Tradition 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.
The company that went public in this 2012 IPO was Facebook, Inc., which renamed itself Meta Platforms, Inc. in 2021; same legal entity.
Sources
1. Wikipedia, Facebook Initial Public Offering
WikipediaLead section, opening paragraphQuote, Lead 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.
1. Wikipedia, Facebook Initial Public Offering
1. Wikipedia, Facebook Initial Public Offering
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