The more you read write, the lesser it is. I have done number of articles on this topic as it’s a hot selling cake in moribund financial market. The Standard & Poor’s 500 Index sank 1.1 percent to 1,338.35, the lowest level since February, as Greece struggled to form a new government amid mounting concern the nation may leave the euro.
Well the latest is Facebook IPO: Oversubscribed, social network set to close books – WSJ reported.
Indeed It has plans to raise the IPO price range to $34 to $38 from the previous range of $28 to $35 a share. If the above holds true FB could be first U.S. company worth more than $100 billion at IPO.
Some more facts : Considering the higher price range of $36 FB is all set to raise $12.1 billion by selling 337.4 million shares.
So far looking in to the history FB has done nothing wrong when Goldman Sachs did the deal with early in 2011 Face book: All set for the grand IPO Nov 2011
We can see that Face book is all set to fire . It will be worth a watch to see how the markets on the efficient market hypothesis (EMH), which is concerned with establishing the prices of capital market securities and states that the prices of the securities fully and fairly reflect all relevant information. That was my latest post with respect to FB Market Efficiency and Facebook .