Facebook IPO video: shares at crazy valuation, post meager gains

SUBSCRIBE to Next Media Animation: http://www.youtube.com/subscription_c...

Facebook has gone public in an IPO that could raise more than $18 billion. Facebook priced its IPO at $38 per share and is selling 180 million shares in the IPO. The shares notched up big opening gains amid high demand and frenzied trading on the NASDAQ stock market under the ticker FB.

Facebook: http://www.facebook.com/NMAtv
Webpage: http://www.nma.tv/
Twitter @nmatv: https://twitter.com/#!/nmatv
Tumblr: http://nmatv.tumblr.com/

If underwriters exercise a greenshoe option, Facebook could raise as much as $18.4 billion, making Facebook's IPO the second-largest initial public offering in history, surpassing the value of General Motors' IPO.

Insiders have found no shortage of investors to fleece. Goldman Sachs doubled the amount of its own holdings sold in the IPO. It begs the question: if Facebook is worth owning, then why did company insiders dump $9.2 billion in shares?

• Category

  News & Politics

[Stuart Coates]

This is the most accurate report of the news I have ever seen.

[rotarydialz]

AOL. MySpace, Facebook............

[wavepattern]

Silver vs Facebook.

If u bought $1000 worth of Silver at peak and $1000 of FB shares at peak in May - Silver has done 130% better in 3 months.

130% better in 3 months!!!

[123japanuser]

is his wife Chinese ?

[DshockW]

This video alone is enough to make me subscribe.

[sensiblepete]

Idiots

Pay

Out

[etheangel2220]

HOW CAN YOU INVEST IN A COMPANY THAT DOESNT PRODUCE ANYTHING!!!! they make money from ads that people hate and ignore. this IS NOT APPLE and zuckerberg IS NOT STEVE JOBS. the ONLY direction that facebook can go from here is the same direction MYSPACE went

[wavepattern]

Falsebook is a big balloon and reality is a big needle on target for Falsebook. Shares r worth $3Bucks. Even $5 a share us optimistic but $30 is insane...

[Marcel Wiedenbrugge]

It is a free country.....so if you want to buy yourself a fully blown balloon, then you just buy one. Of course there is a substantial risk that the balloon will deflate (as it is happening right now).