Facebook IPO watch: Facebook has determined the final IPO price of $38 per share, the top of the previously announced IPO price range of $34-$38 per share. Read more about the Facebook IPO price range.
Facebook will be listed on the Nasdaq under the symbol “FB“, 420 million shares will be available for sale. On the basis of the Facebook IPO price, the financing amount will reach $16 billion.
If the underwriters exercise the over-allotment option, Facebook will receive proceeds of approximately $18 billion in this public offering. This figure is far more than the $2 billion of Google IPO in 2004, making the Facebook IPO the largest Internet company IPO in the world.
The prospectus shows that Facebook generated $3.7 billion in revenues for the 2011 fiscal year; operating profit was $1.756 billion; net profit was $1 billion. For the fourth quarter of fiscal 2011, Facebook posted an operating profit of $548 million, a net profit of $302 million on revenue of $1.131 billion.
As of May this year, Facebook’s monthly active users have amounted to 901 million, daily active users have reached 526 million and more than 500 million users use the mobile version of Facebook. The users have established 125 billion friend relationships, the number of “Like” and comment on the site has amounted to $3.2 billion, more than 300 million pictures are uploaded each day. There have been over 700 million applications integrated with Facebook. Currently, Facebook supports 70 languages and derives more than 80% of user flow from the outside of the United States and Canada.