
Welcome to the Facebook IPO edition of Yakezie Carnival. If a biggest IPO of the history is just a few days away how does the financial blogging community sit silent? Let’s discuss the IPO briefly. In order to surpass Industrial and Commercial bank of China, Facebook needs to sell only 500 million share at $45 per share to become the biggest IPO of the history. I strongly feel this should be a cake walk. Now let’s come to the pure mathematics, as per S -1 filing, Facebook receives 850 million monthly visitors and the consensus is towards a valuation of $100 billion for the company. Thus, roughly each visitor is valued at $118. That means with almost 20,000 monthly visitors I can dream of becoming a millionaire post OCAAT IPO! All right, jokes apart, if you’re like me, you’ll never get a chance to participate in the IPO. You’ll have to buy from open market following listing of Facebook (FB – symbol). Let’s see what happened to the last mega social media IPO of LinkedIn. LNKD opened at $83 on NYSE, up 84% from its IPO price of $45. The stock quickly spiked to $90 and climbed as high as $122.70 before closing at $94.25,





