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Facebook Class B shares explained
- Published_at:2012-05-06
- Category:News & Politics
- Channel:NMAWorldEdition
- tags: Facebook, Mark Zuckerberg, IPO, initial public offering, Class B shares, Class A shares, Nasdaq, next media animation, nma tv, nmatv, nma, next media, nmaworldedition, nma world edition, animated news, news animation, taiwan animation, taiwanese animation, taiwan, animation, taiwanese animators
- description: SUBSCRIBE to Next Media Animation: http://www.youtube.com/subscription_center?add_user=NMAWorldEdition Facebook: http://www.facebook.com/NMAtv Webpage: http://www.nma.tv/ Twitter @nmatv: https://twitter.com/#!/nmatv Tumblr: http://nmatv.tumblr.com/ Facebook kicks off its roadshow Monday for the company's initial public offering, which is expected to raise US$5 billion for the company. Facebook, which trade under will trade under the ticker "FB, will have two share classes: Class A and Class B. Class A shares will be sold to the public and traded on the Nasdaq. Class B shares will be privately held by Facebook insiders, principally Mark Zuckerberg. Zuckerberg's B shares will carry 10 times the voting weight of class A shares. So while he owns just 28% of the company, Zuckerberg will control 57% of the voting rights. As such, the majority owners of Facebook will have little sway over the direction of the company.
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2012-05-09 | 2,859 | 25 | 26 |
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