how much was facebook stock when it first came out
Initial public offering of Facebook Strong demand, especially from retail investors, suggested Facebook could choose a relatively high offering price.[24] Ultimately underwriters settled on a price of $38 per share, at the top of its target range.[24] This price valued the company at $104 billion, the largest valuation to date for a newly public company.[25]
History of Google Google's initial public offering took place on August 19, 2004.[34] A total of 19,605,052 shares were offered at a price of $85 per share.[35] Of that, 14,142,135 (another mathematical reference as √2 ≈ 1.4142135) were floated by Google and 5,462,917 by selling stockholders. The sale raised US$1.67 billion, and gave Google a market capitalization of more than $23 billion.[36] Many of Google's employees became instant paper millionaires. Yahoo!, a competitor of Google, also benefited from the IPO because it owns 2.7 million shares of Google.[37]