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Adsense nets daily broadcast Facebook listed Tencent restructuring

Posted by: | Posted on: March 11, 2017

NASDAQ said Facebook began trading around 23 p.m.

Beijing time on May 18th morning news, NASDAQ said Facebook will EDT Friday morning 11:00 tonight at 11 pm (Beijing time Friday night 23:00) before and after listing. Facebook today announced that it has sold its IPO (initial public offering) offering 421233615 shares of common stock for the public offering price of $38 per share. The shares will begin trading on the NASDAQ Global Select market on Friday, stock code "FB". According to the issue price of $38, Facebook valuation will be $104 billion, the highest valuation of the U.S. company IPO.

Morgan Stanley, Goldman Sachs, JP Morgan chase, Bank of America Merrill Lynch, Barclays Bank, Allen & Company, Citigroup, Credit Suisse and Deuthe Bank Securities Inc is the lead underwriter of the transaction. Royal Bank of Canada capital markets and Wells Fargo are active vice underwriters of the deal.

related reading:

              NASDAQ said Facebook began trading around 23 p.m. tonight

              Facebook listing Countdown: Zuckerberg remote sounded the listing bell

Tencent organizational restructuring: the establishment of six major business groups spin off electricity supplier business

May 18th morning news, Tencent officially announced that the company’s organizational structure will be adjusted, the original business system into a system of business groups, and the establishment of Tencent electricity supplier holding company focused on the electricity supplier business.

learned from the Tencent internal documents, the Tencent will be re divided into existing business enterprise development business group (CDG), interactive entertainment business group (IEG), the mobile Internet business group (MIG), network media business group (OMG), social networking business group (SNG), the integration of the original development and operation platform, set up the new technical engineering business group (TEG), and the establishment of Tencent electric holding company (ECC) operation of the electronic commerce business focus. From the adjustment plan, the Tencent will focus on the layout, social games, network media, wireless, and six business electricity supplier search. In the arrangement of personnel, the original Tencent interactive entertainment services group president Ren Yuxin will serve as chief operating officer, leading social network group and the interactive entertainment business group, at the same time as the interactive entertainment business group president.

related reading:

              Tencent organizational restructuring: building six major events >





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