12/26/2023 0 Comments Watch nasdaq opening bell live![]() ![]() wants to be taken seriously and viewed as a blue-chip company, said one bank official close to the situation. ![]() While Mark Zuckerberg only earns $1 in salary from his own company, don't worry about Zuck: He is still the social network's biggest stakeholder with 533.8 million shares (28.4 percent of the pot), representing a $28 billion stake. Watch live streaming video from nasdaq at įacebook's shares break down like this: COO Sheryl Sandberg owns 1.9 million shares (0.1 percent of the company), seed investor Peter Thiel owns 44.7 million shares (2.5 percent), and co-founder Dustin Moskovitz owns 133.8 million shares (7.6 percent). The banks stand to make $40 million from their deals with Facebook, and they could make even more if other tech companies like Twitter decide to include them in their own future IPOs. Facebook looks to trade its shares at $38 to achieve a $104 billion valuation, which would make it the second-biggest IPO of all-time.įacebook has chosen Goldman Sachs, Morgan Stanley, and JPMorgan Chase, among other banks, to be the underwriters for the IPO after some subtle jockeying, Morgan Stanley won the fight to become Facebook's lead underwriter, followed by JPMorgan Chase, and Goldman Sachs claimed the third underwriter spot. The IPO itself is expected to have the largest initial public offering since Google's Wall Street debut in 2004, and the biggest ever after Visa's IPO in 2008, which raised $19 billion and traded its initial shares at $44 apiece. You can also follow Facebook's stock on the NASDAQ (ticker symbol FB) live through the NASDAQ's website here. Make sure your flash settings are up-to-date so you don't miss the live stream because of a software update. EST and tune into the video platform, or visit the link directly here. To watch Zuckerberg ring the bell and celebrate with his team, simply visit at about 9:28 a.m. ET, but since he will be broadcasting from Facebook remotely, NASDAQ has provided a way to watch all the proceedings occur live. Zuckerberg will ring the opening bell at 9:30 a.m. This move could be perceived as ungrateful towards investors, but it makes a lot of sense for Facebook: From Day 1, Zuckerberg has run his company his way, and on the biggest day in his company's life (so far), it would make sense that he'd want to celebrate it out in sunny California with his entire team, not just a handful of tie-wearing, non-hoodied executives. Zuckerberg was invited by NASDAQ to ring the stock exchange's opening bell on Friday, but Facebook's founder and CEO won't actually be attending the stock market in person instead, Zuck will (rather appropriately) carry out the ceremonial proceedings via a remote video connection from Facebook HQ in Menlo Park. It's been a very big week for Zuckerberg, who celebrated his 28th birthday on Monday, and who will easily make more than $20 billion on the day his company goes public. The Menlo Park, Calif.-based company has experienced plenty of controversy throughout its first eight years of existence, from the Winklevoss lawsuit to questionable redesigns and privacy breaches to hoodiegate, and yet, Mark Zuckerberg's social experiment continues to attract users and investors. The moment is finally here: Facebook, the world's most dominant social network with 900 million-plus users, is finally ready to make its Wall Street debut. ![]() Facebook founder Mark Zuckerberg speaks to a crowd of reporters and students in his first return to Harvard since dropping out in 2004. ![]()
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