Facebook’s IPO Maybe the Largest in Tech History
The largest social networking site in the world, Facebook became one step closer to becoming a publicly traded company. Founded in 2004, by Mark Zuckerberg at Harvard, the website now has over 850 million monthly active users.
Zuckerberg, who passed off offers from Yahoo for 1 billion and Microsoft for 15 billion, can look back at his decisions to pass up such large sums of money, and see how good of a choice he has made. Some say the IPO could raise around 5 to 10 billion dollars, while the market capitalization (total value of the tradable shares) could reach anywhere between 75 and 100 billion dollars. With Zuck owning around 28% percent of Facebook, you can do the math.
