The initial public offering of Facebook is being made even greater as the level of excitement and buzz is rising among investors. The price range for the shares is also being raised and at that range the valuation of the company would rise further, making the company worth around hundred billion dollars. The company has been planning the event since last year and the industry is closely watching the level of activity regarding the company going public.
Facebook’s stock is expected to have huge demand in the market and the rise in the price range is not going to affect the demand to a great extent. The IPO is going to be among the largest ones in history and investors are showing great interest in buying the shares. The company carried out surveys before changing the price range and took the decision after judging the demand in detail.
Investors in the initial public offering would mostly be big names in the market. The company has appointed 33 underwriters among which many have even booked the orders. Although the demand for Facebook shares is high, people have a general perception that the expected valuation of the company is higher than it should have been.
The price range for the initial public offering has been set at 34 to 38 dollars per share, which is expected to rise in a short span of time after the trading starts. As the social network is immensely popular, growth opportunities for the company are plenty.
The IPO is going to be a big benfit for the employees and the existing owners of the business. The trading activity is going to be beneficial for the overall economic situation of the state as well, as people will earn from the stock. This flow of money is being welcomed by the industry as everyone will gain through the transactions. The management of Facebook is also looking forward to the high level of activity after the initial public offering.