TY  - JOUR
A1  - Schosser, Josef
A1  - Ströbele, Heiko
T1  - What is the value of Facebook?
BT  - Evidence from the Schwartz/Moon model
JF  - Journal of risk finance
N2  - On May 17, 2012, the social networking company Facebook Inc. fixes its initial public offering (IPO) price at $38.00 a share. Over the next couple of months, contrary to expectations raised by previous IPOs, the stock price crashes more than 50 per cent. Immediately, the question arises whether the issuer’s or the stock market’s pricing of the share are in line with the firm’s fundamentals. Thus, the purpose of this paper is to determine the company value in close proximity to the date of IPO.
KW  - Facebook
KW  - Firm valuation
KW  - Growth company
KW  - Initial public offering
KW  - Real options
KW  - Schwartz
KW  - Moon model
KW  - G32
Y1  - 2019
U6  - https://doi.org/10.1108/JRF-05-2018-0069
SN  - 1526-5943
SN  - 2331-2947
VL  - 20
IS  - 3
SP  - 267
EP  - 290
PB  - Emerald Group Publishing Limited
CY  - Bingley
ER  -