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2012 Tech Predictions: A Look Back

Facebook Goes Public

Prediction:

This one is almost guaranteed to happen, as The Wall Street Journal reported earlier this week that the company is looking to raise $10 billion in early 2012, at a valuation of $100 billion. The social media giant will also likely be over the 500 individual investor mark by that time frame, and the Securities and Exchange Commission requires companies to file to go public once they have reached that number of investors.

Review:

Facebook did indeed go public, in one of the most hyped IPOs of recent times. It raised more than $16 billion, becoming the largest tech offering in U.S. history.

The initial public offering was handled extremely poorly, by all sides, including Facebook, the NASDAQ and its bankers, which ultimately led to the offering being considered a flop. Shares are down 25.9% lower than their offer price of $38, and even lower than where it first started trading, $42.05.

Though this one was pretty easy to see coming, it's still nice to get one pretty much straight on.

Grade: A (Would've been an A+ if I had the foresight in 2011 to predict the massive decline we saw from the IPO price, but I'll take it anyway).

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