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1998 Initial Public Offering News

Facebook cofounder Saverin renounces US citizenship ahead of IPO

Eduardo Saverin, the billionaire cofounder of Facebook Inc., renounced his US citizenship before an initial public offering that values the social network at up to $96 billion, a move that may reduce his taxes.

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Facebook Gains in Public Debut After Record $16 Billion IPO

Facebook Inc. (FB) gained as much as 18 percent in its trading debut, following a record initial public offering that made the social network more costly than almost every company in the Standard & Poor’s 500 Index.

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Facebook pulls off third biggest initial float in history

FACEBOOK BEGAN trading on the Nasdaq stock exchange yesterday morning, in the third-biggest initial public offering (IPO) in history.

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Delhi - [ Min 28 °C

Eduardo Saverin, the Facebook co-founder who became a billionaire on Friday after the world’s largest technology initial public offering, said he never believed his $30,000 investment would go so far.

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Facebook has public debut at record $16 billion IPO

Facebook Inc. gained as much as 18 percent in its trading debut, following a record initial public offering that made the social network more costly than almost every company in the Standard & Poor’s 500 Index

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