May 14

Apple Founder Wozniak to Buy Facebook Regardless of Price (Bloomberg, May 14, 2012):

Apple Inc. (AAPL) co-founder Steve Wozniak said he will buy shares in Facebook Inc. (FB) when the social networking company sells stock to the public in what may be a record initial public offering for an Internet business.

Wozniak, who built the first Apple computer with Steve Jobs and co-founded the company with him in 1976, said he would buy Facebook’s stock regardless of its valuation.

Facebook plans to raise as much as $11.8 billion in an IPO scheduled for May 17 in what would be the biggest in history for an Internet company. The company is offering 337.4 million shares to the public at $28 to $35, giving it a market value at the top of the range of $96 billion.

“I would invest in Facebook,” Wozniak said in an interview with Bloomberg Television in Sydney yesterday. “I don’t care what the opening price is.”

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