Harvard Business School MBA candidates are preparing to hear from one of the school’s most high profile alumnus — Sheryl Sandberg. She’s the “Class Day” speaker ahead of graduation tomorrow. Unlike Facebook CEO Mark Zuckerberg, who never graduated from Harvard, Sandberg graduated from Harvard College in 1991, first in her major, economics, and graduated from Harvard Business School in 1995, getting her MBA “with highest distinction.”
Photo:Moritz Hager | World Economic Forum
Was the Facebook Deal Overhyped?
With Facebook shares trading close to their $38 offer price and revelations that retail investors got a larger-than-expected slice of the $18.4 billion IPO, market watchers are questioning whether the social network’s debut was over-hyped — not just in the media, but in the investor community.
Finally! Trading Begins
CNBC’s Real-Time Wealth Tracker
The Facebook IPO will make dozens of people rich –some of them phenomenally so. How big a payday will major Facebook shareholders see? We perused regulatory filings and media sources to determine the major shareholders and the number of shares they own. Check out the list of those shareholders and the amount of their Facebook windfall based on the real-time price of the shares.
Need a $FB Fix? IPO Frenzy In Real-Time
Read CNBC stories and observations, plus tweets and comments from around the we on our LIVE BLOG!
How Do You Put a Price on Facebook?
Facebook doesn’t need the money. And investors say the price tag almost doesn’t matter. So how do you put a price on something that many say is priceless?
That’s the task today facing an elite few: Lead underwriter Morgan Stanley, co-underwriters JPMorgan and Goldman Sachs, select Facebook executives, and a pricing committee from the board of directors. In the span of just a few minutes around market close, they’ll finally come to a conclusion on what the world’s largest social network is worth.
Speculators have been gambling on that worth for years. Shares have traded on private markets since early 2008, and changed hands last at $43.50 a share in early April, at a valuation of $109 billion. By that measure, expectations set by Facebook’s underwriters, might appear conservative.
Facebook is celebrating its IPO with a “Hackathon” tonight! Check out the poster that they created for the occassion!