This is a historic tech IPO and it’s getting the attention of more than just the investment community
Foster City, Calif. (PRWEB) May 24, 2012
Schools.com, a digital resource for education, has created an infographic that peers into Facebook's $16 billion IPO. “The Facebook IPO: Here’s What All the Buzz Is About” crunches the numbers to show why the company, and the man behind it, received a record-breaking price tag.
The first page of Facebook's IPO prospectus highlights the company's estimated 845 million monthly active users, with 483 million visiting the site each day -- a 425 percent increase from 2009.
“This is a historic tech IPO and it’s getting the attention of more than just the investment community,” shared Michelle LaFrance, spokesperson for Schools.com. “Students, parents and individuals from all walks of life are interested in what going public means for Facebook.”
Trading opened for Facebook Inc. on May 18, 2012, when 180 million shares became available to the public at an initial price of $38 and reached a high of $45 after only a few hours. Company stockholders released an additional 241 million shares on their own, making it the largest tech IPO in history. The volume of Facebook shares traded exceeded 570,000,000 and set a new record for the number of shares bought and sold on day one.
“We wanted this infographic to illustrate just how enormous Facebook -- and social media in general -- has become,” added LaFrance. “Schools.com has a special interest because more and more colleges and universities are adding social media marketing to their course list."
In the past, Facebook founder Mark Zuckerberg held on to the world's largest social site despite private offers ranging from $75 million to as much as $15 billion. Zuckerberg sold 30.2 million shares on Friday for $1.15 billion.
Schools.com is a definitive source for education, connecting current and prospective students with the right information, people and schools to help them advance in life. Featuring in-depth sections with faculty interviews, campus tours and national education news, the site aims to be a hub for higher education topics and trends. Schools.com is owned and operated by QuinStreet, Inc. (NASDAQ: QNST), one of the largest Internet marketing and media companies in the world. QuinStreet is committed to providing consumers and businesses with the information they need to research, find and select the products, services and brands that meet their needs. The company is a leader in visitor-friendly marketing practices. For more information, please visit QuinStreet.com.
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