The preliminary prospectus announced that the company had 845 million active monthly users and that its website featured 2.7 billion daily likes and comments. Preparation Filing and roadshow įacebook filed for an initial public offering on Februby filing their S1 document with the Securities and Exchange Commission (SEC). Zuckerberg had little choice as to whether an IPO had to be done at once. Zuckerberg wanted to wait to conduct an initial public offering, saying in 2010 that "we are definitely in no rush." But since by 2012 Facebook had more than 500 round lot (over 100 shares) stockholders, Facebook was subject to the SEC disclosure rules starting the next year, 2013. An investment report in 2011 valued the company at $50 billion. Meanwhile, that valuation dropped to $10 billion in 2009, when Digital Sky Technologies bought a nearly 2% stake for $200 million - a larger stake than Microsoft had purchased at a lower price. Microsoft purchased preferred stock, which meant that the company's actual valuation would be considerably lower than $15 billion. In 2007 Microsoft beat out Google to purchase a 1.6% stake for $240 million, giving Facebook a notional value of $15 billion at the time. įacebook did accept investments from companies, and these investments suggested fluctuating valuations for the firm. Also that year, BusinessWeek reported a $2 billion valuation for the company. That same year, Yahoo! attempted to buy the company for $1 billion but Zuckerberg refused.
įacebook reportedly turned down a $75 million offer from Viacom in 2006. The main reason that the company decided to go public is because it crossed the threshold of 500 shareholders, according to Reuters financial blogger Felix Salmon. The IPO was one of the biggest in technology and Internet history, with a peak market capitalization of over $104 billion.Ĭontext Facebook founder Mark Zuckerberg resisted buyout offers, suggesting the company was "definitely in no rush."įor years, Facebook and Zuckerberg resisted both buyouts and taking the company public. The technology company Facebook, Inc., held its initial public offering (IPO) on Friday, May 18, 2012.
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