I remember that when Zynga IPO'd, they filed for $1 billion.
Does that mean that Facebook would consider themselves only 5 times more valuable than Zynga? This seems like a pretty conservative stance (it feels like Facebook is worth more than just 5 times Zynga). Is this to Facebook's advantage?
Sorry if these questions are a bit simplistic, I have a very light grasp of these concepts.
The IPO was to raise $5 billion. In other words, they are issuing new shares of stock with a total worth of $5 billion. How this relates to the total valuation has yet to be seen.
Does that mean that Facebook would consider themselves only 5 times more valuable than Zynga? This seems like a pretty conservative stance (it feels like Facebook is worth more than just 5 times Zynga). Is this to Facebook's advantage?
Sorry if these questions are a bit simplistic, I have a very light grasp of these concepts.