Apple co-founder Steve Wozniak: "I would invest in Facebook”
Apple co-founder Steve Wozniak: "I would invest in Facebook”

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."

Latest News

GM recalling 193,652 SUVs from model years 2006 and 2007
Microsoft Office will take time to become available on tablets
Ofsted-style ratings for hospitals
Google to reveal some details about its high-flying balloons
Strong competition between Microsoft and Sony is good for industry: EA
Alcohol-related disease patients deserve better care
U.S. Navy ditches ALL CAPS message format
Nokia to unveil 41MP camera-equipped Lumia EOS smartphone next month
From 2016, Britain to regulate e-cigarettes as medicine
Sprint testing LTE cell sites in San Francisco
Red Hat announces two new OpenStalk-powered product offerings
Leica finally announces availability of Vario X