Facebook went NASDAQ, three years ago today, May 17, 2012

Happy 3rd Year on NASDAQ Facebook! Three years ago today (Friday, May 17th) Facebook listed with Nasdaq and sold 421.2 million shares at $38 per share.

The initial public offering raised $16 billion (60% more than the expected $10 billion). (source: bloomburg.com).

There was so much hype months before Facebook's IPO.

When Facebook finally went public on May 17, 2012 (NASDAQ:FB) it would become infamous for having the worst stock disaster ever in the history of the U.S. equities market.

There was a computer glitch which forced thousands of independent investors to sell their stocks at a loss. Big institutional investors were not impacted as they were able to sell quickly. Unfortunately, that was not the case for small retail investors (everyday folks like me and you) who were unable to put in sell orders. Instead they watched helplessly as their FB stock share prices plummeted.

Quoteable Quote about Facebook choosing Nasdaq:
“Facebook on NASDAQ due to cultural fit" ~~ Charles Gasparino, senior correspondent Fox Business Network, prior to FB's IPO in 2012


RESOURCES:
- FB: Summary for Facebook, Yahoo Finance http://finance.yahoo.com/q?s=FB
- The Immaculate IPO: What Twitter (NYSE:TWTR) Did Differently From Facebook (NASDAQ:FB) During Their IPO, IB Times, http://www.ibtimes.com/immaculate-ipo-what-twitter-nysetwtr-did-differently-facebook-nasdaqfb-during-their-ipo-1461108
- Why the Facebook (Nasdaq FB) Stock Price Will Double by 2018, Money Morning; http://moneymorning.com/2015/03/05/why-the-facebook-nasdaq-fb-stock-price-will-double-by-2018/
- Facebook IPO Makes Zuckerberg Richer Than Google Founders, Bloomberg.com; http://www.bloomberg.com/news/articles/2012-05-17/facebook-ipo-makes-zuckerberg-richer-than-google-founders

Facebook goes NASDAQ

“Facebook on NASDAQ due to cultural fit" ~~ Charles Gasparino, senior correspondent Fox Business Network


Facebook will list with Nasdaq and could raise $10 billion according to many people familiar with the IPO

Nasdaq, has been competing with NYSE Euronext Inc., for many IPO’s. According to senior correspondent for the Fox Business Network, Charles Gasparino, the NASDAQ win is due to a "cultural fit" and the fact that Facebook board members have connections to NASDAQ. Today's online article at A Wall Street Journal article titled “Facebook Tags the Nasdaq” mentions how many believe that Facebook’s offering (IPO set for May 2012) could raise $10 billion -- the biggest U.S. Internet IPO since Google in 2004