Facebook went public today at a price of $38 per share. The social network giant offered 421,233,615 shares of its common stock which is now trading on the NASDAQ Global Select Market under the symbol “FB.” Facebook is offering 180 million shares of Class A common stock and selling stockholders are offering 241,233,615 shares of Class A common stock.
The company is now worth approximately $104 billion. By the end of the day, the price of each share is likely to increase, however it could settle down or even decrease over time. What do you think, is a social media company worth over $100 billion?