GMAT Integrated Reasoning
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Source: Other
Level: 0
Press Release
A press release on Facebook's IPO published on May 17, 2012:
Facebook today announced the pricing of its initial public offering of 421,233,615 shares of its common stock at a price to the public of $38 per share.
The shares are expected to begin trading on the NASDAQ Global Select Market on May 18, 2012, under the symbol "FB." Facebook is offering 180,000,000 shares of Class A common stock and selling stockholders are offering 241,233,615 shares of Class A common stock. Closing of the offering is expected to occur on May 22, 2012, subject to customary closing conditions.
In addition, Facebook and the selling stockholders have granted the underwriters a 30-day option to purchase up to 63,185,042 additional shares of Class A common stock to cover over-allotments, if any.
User Growth
Regions
For each of the following statements, select Yes if, from the information provided, it can be shown that the statement is true. Otherwise, select No.
Yes | No | |
---|---|---|
Assuming the same geographic segmentation for Facebook users in September 2009 as in December 2011, the number of users in Asia in September 2009 exceeded 50 million. | ||
The number of Facebook users increased between December 2011 and the time of the IPO in May of 2012. | ||
The total number of users in all regions in the "Regions" tab matches the number of active users in December 31, 2011 shown in the "User Growth" tab. |