With Facebook apparently set to sell its stock to the public - in what seemingly will be the biggest-ever initial public offering (IPO) for an Internet-centric company - on Friday, Apple co-founder Steve Wozniak has disclosed his intentions of buying shares in the popular social network.
Facebook is expected to commence trading on the Nasdaq Stock Market on Friday, and the company - planning to raise approximately $11.8 billion in its IPO - will be offering 337.4 million shares to the public at a price of between $28 and $35 per share; with its market value reaching up to a whopping $96 billion.
Revealing that he would purchase Facebook's stock irrespective of what its valuation, Wozniak said - during the course of a recent interview with Bloomberg Television in Sydney - that he "would invest in Facebook"; and added: "I don't care what the opening price is."
Wozniak is chief scientist at Salt Lake City-based Fusion-io Inc., the flash-memory technology maker for which Facebook is apparently the biggest customer, accounting for - as per Bloomberg statistics - nearly 36 percent of its revenue.
Meanwhile, other than talking about his decision to invest in Facebook, Wozniak also praised Facebook's founder and CEO Mark Zuckerberg. Describing Zuckerberg as a "real acute" businessman who combines technical capability with the vision and business acumen of Steve Jobs, Wozniak said: "I was thankful to have a partnership with Steve Jobs and I see Mark Zuckerberg closer to the combination of us."
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