Apple co-founder Steve Wozniak is planning to buy shares in Facebook when it goes public on 17 May, and he doesn’t care what the price is.
In an interview with Bloomberg Television Wozniak said: “I would invest in Facebook. I don’t care what the opening price is.”
Woz sees something of himself and late Apple CEO and co-founder Steve Jobs in Facebook’s CEO Mark Zuckerberg. “I was thankful to have a partnership with Steve Jobs and I see Mark Zuckerberg closer to the combination of us. When he speaks he speaks with a lot of idealism for the users and a lot of good ideas for the product overall.”
Facebook is hoping to raise $11.8 billion in its IPO – the biggest offering for an Internet company. There are 337.4 million shares being offered to the public at $28 to $35, giving it a market value of around $96 billion.