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Facebook IPO Prices At $38/Share

Tyler Durden's picture




 

Finally, we can move on:

  • FACEBOOK SAYS 421.2 MLN SHARES PRICED AT $38-SHR

Now, all that Facebook needs are those elusive +/-25 billion users to "grow" into its "valuation." We only have four outstanding questions:

  1. What is Ben Bernanke's IPO allocation?
  2. Does the CIA use tax or cost basis accounting?
  3. When do the puts start trading?
  4. What is the fair value of Like relative to intrinsics and is Bruno Iksil long or short it?

Finally, from the inimmitable Andy Borowitz:

A Letter from Mark Zuckerberg

About Facebook’s IPO

MENLO PARK, CA (The Borowitz Report) – On the eve of Facebook’s IPO, Founder and CEO Mark Zuckerberg published the following letter to potential investors:

Dear Potential Investor:

For years, you’ve wasted your time on Facebook.  Now here’s your chance to waste your money on it, too.

Tomorrow is Facebook’s IPO, and I know what some of you are thinking.  How will Facebook be any different from the dot-com bubble of the early 2000’s?

For one thing, those bad dot-com stocks were all speculation and hype, and weren’t based on real businesses.  Facebook, on the other hand, is based on a solid foundation of angry birds and imaginary sheep.

Second, Facebook is the most successful social network in the world, enabling millions to share information of no interest with people they barely know.

Third, every time someone clicks on a Facebook ad, Facebook makes money.  And while no one has ever done this on purpose, millions have done it by mistake while drunk.  We totally stole this idea from iTunes.

Finally, if you invest in Facebook, you’ll be far from alone.  As a result of using Facebook for the past few years, over 900 million people in the world have suffered mild to moderate brain damage, impairing their ability to make reasoned judgments.  These will be your fellow Facebook investors.

With your help, if all goes as planned tomorrow, Facebook’s IPO will net $100 billion.  To put that number in context, it would take JP Morgan four or five trades to lose that much money.

One last thing: what will, I, Mark Zuckerberg, do with the $18 billion I’m expected to earn from Facebook’s IPO?  Well, I’m considering buying Greece, but that would still leave me with $18 billion.  LOL.

Friend me,

Mark

 

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Thu, 05/17/2012 - 21:40 | 2438115 Yohimbo
Yohimbo's picture

put it on amex as TRD

Thu, 05/17/2012 - 17:01 | 2437305 hmmmstrange
hmmmstrange's picture

Where do i get my Groupon 30% off FB IPO share?

Thu, 05/17/2012 - 17:04 | 2437320 LarryDavis
LarryDavis's picture

Seriously when is it optionable?

Thu, 05/17/2012 - 17:38 | 2437466 AlaricBalth
AlaricBalth's picture

May 29

Thu, 05/17/2012 - 18:58 | 2437728 LarryDavis
LarryDavis's picture

I wish the VIX could stay lower until then. 

Thu, 05/17/2012 - 17:17 | 2437383 SomebodySpecial
SomebodySpecial's picture

Hold on just a minute. This is MY future you're talkin bout here.

Thu, 05/17/2012 - 17:20 | 2437384 SomebodySpecial
SomebodySpecial's picture

After thinking about it...can anyone teach me how to short stocks?

Thu, 05/17/2012 - 17:37 | 2437460 Marginal Call
Marginal Call's picture

First you have to get somebody at Goldman to borrow it for you.

Thu, 05/17/2012 - 23:30 | 2438382 dark pools of soros
dark pools of soros's picture

nah just go on BATS and pound the sell button.. they dont care

Thu, 05/17/2012 - 17:21 | 2437395 giovanni_f
giovanni_f's picture

it will end with a lessons learned session in the senate in...  2015?

Thu, 05/17/2012 - 17:28 | 2437423 reader2010
reader2010's picture

When is Fuckbook IPO?

Thu, 05/17/2012 - 17:32 | 2437437 Waterfallsparkles
Waterfallsparkles's picture

Another reason I would not buy Facebook especially if I had a 3 month lock up is that the Market is starting a large correction.  If the Market starts to sell off like in 2008 I would not want to be long any stocks.

What happens with a large Market correction and you cannot Sell your shares?

Thu, 05/17/2012 - 17:32 | 2437438 YesWeKahn
YesWeKahn's picture

Where is RoboTrader girl, she must be bullish on FB.

Thu, 05/17/2012 - 17:33 | 2437444 earleflorida
earleflorida's picture

Dear Investors:     Please remember to sign up as an "Organ Donor"!

For if we fail, however improbable that sounds, there will be many grateful shareholders to harvest your broken hearts!

Ps. Vitals such as sex, weight, physical history, etc., etc., are already in our file-sharing database thanks to Google!!!

Once again, Thanks for Sharing

Zuck the Fuck ;>) 

Thu, 05/17/2012 - 17:49 | 2437522 koaj
koaj's picture

im still long theglobe.com and geocities

Thu, 05/17/2012 - 17:55 | 2437546 surf0766
surf0766's picture

Oh my god I have facebook fever !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1

Thu, 05/17/2012 - 17:59 | 2437567 lostcause
lostcause's picture

 That's why they needed to raise 25% more. Tomorrow Goldman and gang will sell into the hype.

 

Thu, 05/17/2012 - 18:06 | 2437593 adr
adr's picture

Facebook is terrible but even worse is Pinterest. WHAT THE FUCK DOES PINTEREST ACTUALLY DO???!!?!?!?!?!

Now Pinterest is growing its parabolic rapid valuation based on nothing but the next hype machine to make Goldman and other underwriters more money.

I fucking swear these guys must sit around tables laughing and the absurdity of the ability for them to print money. They got to say, can you believe people are dumb enough to let us get away with this.

The best thing that could ever happen is for some random person to walk up to Fuckerberg and shoot him in the head. Leaving behind a little note, "What you going to do with the billions now asshole."

Thu, 05/17/2012 - 18:09 | 2437600 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Does the CIA use tax or cost basis accounting?

That is hilarious...

Thu, 05/17/2012 - 18:12 | 2437617 Catullus
Catullus's picture

The Facebook IPO = The Great Muppet Caper

Thu, 05/17/2012 - 18:14 | 2437623 kevinearick
kevinearick's picture

throw another $100B X ponzi revelation rate into the black hole of system devaluation...

Thu, 05/17/2012 - 18:29 | 2437653 Bunga Bunga
Bunga Bunga's picture

Only $4 for plentiful private information on every FB member - that's a steal!

Thu, 05/17/2012 - 18:40 | 2437681 Dr. Acula
Thu, 05/17/2012 - 19:02 | 2437740 Stuck on Zero
Stuck on Zero's picture

Quick question.  In this IPO what percentage of it will be publicly held, held by the founders/employees, and how much institutional.

Thu, 05/17/2012 - 19:14 | 2437780 The Alarmist
The Alarmist's picture

"2. Does the CIA use tax or cost basis accounting?"

Shouldn't the question be, do they account for this as Available-for-Sale or using the Equity Method? I'm assuming their holdings don't force them into full consolidation, but I could be wrong.

Thu, 05/17/2012 - 19:54 | 2437866 bankruptcylawyer
bankruptcylawyer's picture

what if the facebook IPO tomorrow fails?

 

Thu, 05/17/2012 - 20:03 | 2437883 Winston Smith 2009
Winston Smith 2009's picture

$108 BILLION IPO for something with a physical plant worth what, a few hundred million at most?

It's Pets.com times 108.  Invest now sucka's, its Dot.bomb v2.0.

Thu, 05/17/2012 - 20:59 | 2438012 JLee2027
JLee2027's picture

They've been scandalously over-pricing IPO's for years and this is a classic example. FACEBOOK is nothing more than what's trendy right now.  This stock is a short-term moneymaker (for a couple hours) and a long-term disaster.

Thu, 05/17/2012 - 21:34 | 2438088 swanpoint
swanpoint's picture

I got my order in for 100 shares; bitchez.

Thu, 05/17/2012 - 21:38 | 2438108 Yohimbo
Yohimbo's picture

I envision throngs of frothy mouthed "people of walmart" tumbling over each other to grasp in their pudgy hands a 

a wallet sized picture of Zuckerburg and his patented bedwetter smirk.

But really, How many muppets will it take to absorb this crapulence of a "stock".  Maybe satan has realeased all the muppets in

hell to pump this evil travesty of unnatural human sociology. 

 

 

 

Thu, 05/17/2012 - 23:56 | 2438437 CryingBear
CryingBear's picture

YOU GUYS ARE PATHETIC, I MET SO MUCH HOT CHICKS AND HAD SEX WITHT THEM THROUGH FB

Fri, 05/18/2012 - 01:21 | 2438621 mkhs
mkhs's picture

Is that you, Zuck?

Fri, 05/18/2012 - 06:47 | 2438861 overmedicatedun...
overmedicatedundersexed's picture

the real question: DID BEN give his Friends list the green light to go long? name one tech mut fund that will not put on a position ..thats a real short list.

Fri, 05/18/2012 - 09:56 | 2439451 lactam
lactam's picture

Well, I’m considering buying Greece, but that would still leave me with $18 billion.

This was the cherry on top. I love ZH for the laughs it yields me every morning. Keep it up.

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