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NYIT’s NYCOM Hooding Ceremony Honors 291 New Doctors of Osteopathic Medicine
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News and Events
May 20 2012
NYIT Salutes the Class of 2012 at its 51st Annual Commencement
May 18 2012
NYIT Holds White Coat Ceremony for Physician Assistants
May 18 2012
Occupational Therapy Grads Hold Valedictory Ceremony
May 18 2012
Nursing Students Receive Graduation Pins
May 30 2012
NYIT-Vancouver Professional Enrichment Workshop: Tools to Supercharge your Business Vocabulary
May 30 2012
50th Semi-Annual New Jersey Collegiate Career Day
Jun 01 2012
NYIT-Amman Graduation Ceremony 2012
Jun 04 2012
Architecture Presentation for Boxing Gym
Jun 04 2012
NYIT-Bahrain Graduation Ceremony 2012
All News
Feb 02 2012
NYIT Finance Professor Shares Facebook IPO Lessons
New York, N.Y. (February 2, 2012) – Facebook’s intention to go public is likely to start a wave of similar public offerings by other social media companies, including those with far less star power and income prospects, according to NYIT School of Management Finance Professor Steven Shapiro.
Facebook’s filing for an initial public offering of $5 billion yesterday is expected to value the company at $75 billion to $100 billion. The filing noted that 845 million people around the world use Facebook.
“This is a big deal,” Shapiro said, “but the exact date and number of shares that will be available, as well as the price, remain to be determined. They may know already but they haven’t told the public.”
At least three points are important in the face of the social network’s public offering, said Shapiro. The first is that average investors should consider buying the stock only as part of a diversified portfolio, especially if they’re averse to risk.
“After the IPO, even if stock appreciates, it’s going to fluctuate a lot. It’s the nature of the beast. Growth will slow down,” said Shapiro.
Shapiro also said the Facebook public offering demonstrates how attractive social media companies are as investments. Third, he says, the move may prompt other social media companies to go public, even those with much smaller revenue and financial strength.
“We’re going to have to see if this starts another wave,” he said. “Once FB does this, there’ll be other social media businesses that are looking to go public.”
Shapiro oversees the Center for Risk Management at NYIT’s School of Management. The center prepares students for all decision-making processes involving elements of uncertainty, and helps them gain the ability to identify risks and manage them effectively.
About NYIT
New York Institute of Technology (NYIT) offers 90 degree programs, including undergraduate, graduate, and professional degrees, in more than 50 fields of study, including architecture and design; arts and sciences; education; engineering and computing sciences; health professions; management; and osteopathic medicine. A non-profit independent, private institution of higher education, NYIT has 14,000 students attending campuses on Long Island and Manhattan, online, and at its global campuses. NYIT sponsors 11 NCAA Division II programs and one Division I team.
Led by President Edward Guiliano, NYIT is guided by its mission to provide career-oriented professional education, offer access to opportunity to all qualified students, and support applications-oriented research that benefits the larger world. To date, 89,000 graduates have received degrees from NYIT. For more information, visit nyit.edu.
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Elaine Iandoli
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516.686.4013
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