The Parent Company of Computer Share is to provide stock registration and transfer services to Facebook. Facebook shares today started trading on the Nasdaq index New York, where technology giants Google and Apple are also traded.
The Initial Public Offering, IPO is the third-largest in US history, after the financial giant Visa and General Motors.
Country Manager for Computer-Share, Kojo Adomako explains to JOY BUSINESS even though their parent company is Facebook?s share registrar, local capital market stands to benefit.
?As a Global registrar, Computer-Share has a technology platform that is used by all of our offices across the globe. It includes the fundamental registry platform and various applications ?making technology transferable across borders.
?In addition, Computershare Ghana is constantly in touch with our various offices across the world. So those human resources in North America are transferred instantly to the Ghanaian office and to benefit the Ghanaian market by bringing best practices to the Ghanaian market.? he added.
Facebook shares will go on sale at 38 dollars each, valuing the eight-year-old social network site at 104 billion dollars. Just under a fifth of the company’s total shares, about 421 million is being floated which could raise about $18bn.