19/05/2012 by Zoe Fox on Mashable
Facebook closed its first day of public trading valued at $105.19 billion, making it worth almost exactly as much as PepsiCo, which is valued at $106.5 billion.
At more than $100 billion, Facebook doesn’t quite make it into the leagues of Coca-Cola, worth $167 billion, or Wal-Mart, worth $212 billion. Nor does it yet compete with tech giants Google, worth $196 billion; Microsoft, worth $246 billion; or Apple, worth $496 billion.
However, being the largest Internet IPO in history does get you somewhere. We’ve rounded up five companies you probably perceive to be enormous, which are now worth less than 8-year-old Facebook.
Worth $91 billion
Image courtesy of iStockphoto, shaunl
Worth $96 billion
Image courtesy of iStockphoto, gmutlu
Worth $78 billion
Image courtesy of iStockphoto, andrearoad
Worth $92 billion
Image courtesy of iStockphoto, cmspic
Worth $70 billion
Image courtesy of iStockphoto, shaunl
What Is an IPO?
What exactly is an IPO? What are the risks to a company in going public? What are the legal requirements?
If you find the business terms and market lingo confusing, check out our explainer video, which breaks down an IPO in plain language.
Image courtesy of iStockphoto, woraput
Source: Mashable
