Initial public offering of Facebook

The main entity that this text revolves around is the Initial Public Offering (IPO) of Facebook^[1]. An IPO, commonly referred to as “going public,” is a process where a private company offers its shares to the public for purchase for the first time. In the case of Facebook, its IPO took place in 2012 and was a significant event in the business world. It sought to raise $5 billion, and the company’s valuation after this move was aimed to be between $77-96 billion. However, the company’s share value struggled to stay above the IPO price. The IPO was marred by controversies such as lawsuits and regulatory investigations, which had a significant impact on the reputations of the involved parties. The IPO also resulted in increased scrutiny of financial institutions and ongoing legal battles.