Facebook’s Recent S-1 Shows Increase in Valuation


 Facebook's Recent S-1 Shows Increase in Valuation

On Tuesday morning, Facebook filed an S-1 amendment which validates the increase in shares.  The boost  is expected to up $34 to $38 and ups the company’s valuation to a little over $100 billion.

Facebook will increase 388 million shares(including 50.6 million shares) and raise it to $14.7 billion in the initial public offering. Additionally, the company’s recent acquisition  of Instagram was expected to take effect at the end of the second quarter, it’s now expected to close the deal at the end of the year.

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According to Wall Street Journal, mutual-fund manager Chris Baggini admits to closely monitoring Facebook. He also frequently calls Morgan Stanley or Goldman Sachs executives(both companies are leading the IPO) in hopes that he can secure a spot at Wednesday’s roadshow in Philadelphia.

Facebook is a hot ticket for investors and many are ready to take a chance on a company they believe in. Todd Benrud(technology teacher and investment club supervisor at a California high school) admits that he wants to get his students involved in the investment. He said he that many of his students think it’s going to be a solid moneymaker.

Jim Supple from Rockville Centre in New York wants to purchase Facebook stocks on behalf of his daughter for $25,000  but he’s a little nervous about it because he’s been duped before. Earlier this year, Supple tried to bid on Facebook shares through SharesPost Inc. There were 70,000 shares that were being auctioned off by two former Facebook employees. Since the minimum for bidding started at $31 per share, Supple decided to start his bid at $32.01. Unfortunately, his broker told him that it would be very unlikely to sell for the minimum.

On the flip side of the coin, many other investors worry that the company isn’t as valuable as they boast themselves to be, even though they earned $3.7 billion in revenue and $1 billion in profits.

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