Question: Facebook Inc. ( now Meta Platforms Inc. ) issued 4 2 1 . 2 million class A common shares for $ 3 8 per share,

Facebook Inc. (now Meta Platforms Inc.) issued 421.2 million class A

Facebook Inc. (now Meta Platforms Inc.) issued 421.2 million class A common shares for $38 per share, on average, in its IPO on 5/18/2012. The par value of the stock was
$0.000006 per share. Assume Facebook kept exactly $16 billion of the proceeds from the issue, with the rest being spent on stock issue costs.
Record Facebook's entry for the issue of the shares. NOTE: Round dollar amounts to the nearest thousands of dollars.
common shares for $38 per share, on average, in its IPO on

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