Want to watch the biggest IPO in American history progress in real-time? Check here for the latest share price.
Twitter’s IPO filing is now public, and the company says it plans to raise as much as $1 billion. According to the documents it had revenue of $253M in the first six months of 2013 and was not profitable.
Is it fair to blame Facebook’s CFO for the failure of the company’s IPO, and the subsequent decline in the share price? Not really. The wildly inflated hopes and dreams of an overheated technology sector were also to blame, and he had no control over that.
Ever since Facebook stumbled with its IPO, there has been a constant drumbeat of criticism saying Mark Zuckerberg should step down as CEO — but Silicon Valley is devoted to the idea of strong founders retaining control of their companies. Will that be Facebook’s undoing?
Insiders can now sell Facebook stock and the reaction so far hasn’t been pretty. Here’s a quick look at what the financial press is saying.
No more need for price speculation, folks. Facebook just put out amendment S-1 filing number 8, which sets its IPO price at $38.00 a share. Get your checkbooks ready.