“Steve Wozniak says he will buy Facebook stock when the social network launches its initial public offering, irrespective of the price of the shares,” Aabha Rathee reports for Wall St. Cheat Sheet. “‘I would invest in Facebook,’ the Apple co-founder told Bloomberg TV in Sydney. ‘I don’t care what the opening price is.'”
Rathee reports, “Facebook is selling 337.4 million shares to the public, priced between $28 and $35, while hoping to raise $11.8 billion through the offering scheduled for May 17. That will make it the biggest IPO for an Internet company. The price also gives Facebook a market value of about $96 billion.”
“Wozniak also said he thought Facebook’s founder Mark Zuckerberg had a perfect blend of business acumen and technical ability,” Rathee reports. “‘I was thankful to have a partnership with Steve Jobs and I see Mark Zuckerberg closer to the combination of us,”’ he said.”
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MacDailyNews Take: Leave it to Woz!