In a sign of strong demand for its initial public offering, Facebook filed an amended registration statement with the SEC increasing its IPO pricing range to between $34.00 and $38.00 per share. At the high end of the new range, this implies an IPO market capitalization of over $81 billion and a fully-diluted equity valuation of over $104 billion. The IPO is expected to price this week.
See my prior post on the difference between market cap and fully-diluted equity valuation.
Link to Facebook's amended registration statement: http://www.sec.gov/Archives/edgar/data/1326801/000119312512232582/d287954ds1a.htm
Link to my prior post on market capitalization v. fully-diluted equity valuation:
Link to Facebook's amended registration statement: http://www.sec.gov/Archives/edgar/data/1326801/000119312512232582/d287954ds1a.htm
Link to my prior post on market capitalization v. fully-diluted equity valuation:
