In recent years, there have been several initial public offerings in the social media industry, such...

60.1K

Verified Solution

Question

Finance

In recent years, there have been several initial publicofferings in the social media industry, such as Facebook, Instagramand SnapChat. Choose one of these companies and discuss howsuccessful or unsuccessful the initial public offering was and howthe stock is doing today. In addition, discuss if the offering wasa primary or a secondary market transaction? Explain.

Answer & Explanation Solved by verified expert
3.5 Ratings (560 Votes)
Initial public offerings means an act of offering the stock of a company on a public stock exchange for the first time The social networking company Facebook held its IPO on Friday May 18 2012 The IPO was the biggest in technology and one of the biggest in Internet history with a peak market capitalization of over 104 billion and its share is priced at 38 The current value of the share of the Facebook is 7502 A primary offering is the first issuance of stock from a private company for    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

In recent years, there have been several initial publicofferings in the social media industry, such as Facebook, Instagramand SnapChat. Choose one of these companies and discuss howsuccessful or unsuccessful the initial public offering was and howthe stock is doing today. In addition, discuss if the offering wasa primary or a secondary market transaction? Explain.

Other questions asked by students