Wednesday, February 01, 2012

Facebook IPO

Dear fellow traders,

Facebook, the most popular and biggest social network site on earth, with 850 million users world-wide, has filed papers to the SEC to go public for an IPO which can raise up to US$5 billion dollars. Facebook is valued to be worth at least US$100 billion as of today.

If this IPO creates excitement like its predecessors including Google, Yahoo!, Groupon, Lnkedln etc, Facebook will probably sell its shares at a premium. That could mean an IPO price in the $35 to $40 range.


Tony Chai