Facebook IPO Overview
Facebook, now Meta Platforms, went public on May 18, 2012. The company priced its shares at $38 in its initial public offering on the Nasdaq stock exchange. The IPO raised approximately $16 billion, making it one of the largest technology IPOs in U.S. history at the time.
Facebook IPO Valuation
At the IPO price, Facebook was valued at roughly $104 billion. This implied a high price-to-earnings multiple for a company that was still growing its revenue rapidly. The valuation reflected strong user growth, mobile momentum, and investor appetite for social media companies.
Post-IPO Stock Performance
After the IPO, Facebook shares faced technical trading issues and a brief dip below the $38 offer price. Over the following years, the stock recovered and continued to rise as the company expanded advertising revenue and mobile usage. Facebook later rebranded to Meta Platforms in 2021, reflecting a strategic shift toward virtual and augmented reality.
