Apple co-founder
Steve Wozniak said he will buy shares in Facebook Inc. (FB) when the social
networking company sells stock to the public in what may be a record initial
public offering for an Internet business, Bloomberg reports.
Wozniak, who built the first Apple computer with Steve Jobs
and co-founded the company with him in 1976, said he would buy Facebook’s stock
regardless of its valuation.
Facebook plans to raise as much as $11.8 billion in an IPO
scheduled for May 17 in what would be the biggest in history for an Internet
company. The company is offering 337.4 million shares to the public at $28 to
$35, giving it a market value at the top of the range of $96 billion.
“I would invest in Facebook,” Wozniak said in an interview
with Bloomberg Television in Sydney yesterday. “I don’t care what the opening
price is.” …. Facebook’s founder Mark Zuckerberg is a “real acute” businessman
who mixes technical ability with the vision and corporate acumen of Steve Jobs,
Wozniak said…..
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