• Login
  • Register
You must Register/Sign in to continue
-Free Practice Question and Full-Length Practice Tests
Create New Account Login
Email
User Name
Password


GMAT Practice Question Set # 15 (Question 64-66)

GMAT Integrated Reasoning  >  Question # 65: Selling stockholders, users, and CAGR  
Time 0 0 : 0 0 : 0 0
Press Release User Growth Regions  

A press release on Facebook's IPO published on May 17, 2012:

Facebook today announced the pricing of its initial public offering of 421,233,615 shares of its common stock at a price to the public of $38 per share.

The shares are expected to begin trading on the NASDAQ Global Select Market on May 18, 2012, under the symbol "FB." Facebook is offering 180,000,000 shares of Class A common stock and selling stockholders are offering 241,233,615 shares of Class A common stock. Closing of the offering is expected to occur on May 22, 2012, subject to customary closing conditions.

In addition, Facebook and the selling stockholders have granted the underwriters a 30-day option to purchase up to 63,185,042 additional shares of Class A common stock to cover over-allotments, if any.

 
 

Consider each of the following statements. Select Yes if the statement can be inferred to be true. Otherwise, select No.

Yes

No

 		 

The number of selling inside stockholders exceeds the number of new public investors on the day of the IPO.

Facebook has most of its users in North America.

If the compounded annual growth rate (CAGR) is defined as `("ending value"/"beginning value")^(1/n) - 1` , where n is number of years, then the CAGR between October 2007 and September 2009 is in excess of 100%.

 

 

 

 

 

 
You must Register/Sign in to continue
-Free Practice Question and Full-Length Practice Tests
About us
Contact us
Privacy Policy
Terms & Conditions
GMATTM is a registered trademark of the Graduate Management Admission CouncilTM. The Graduate Management Admission CouncilTM does not endorse, nor is it affiliated in any way with the owner or any content of this web site.