KUALA LUMPUR -- The palm plantations that FGV Holdings owns, stretching across the Malaysian landscape, make it hard to believe that the company could once boast of being in the same league as Facebook.
But that was briefly the case back in 2012 when the stock market debuts of the U.S. social media company and the Malaysian palm oil producer became two of the year's most valuable initial public offerings. Just a few months after Mark Zuckerberg raised $16 billion in a Nasdaq debut, FGV -- then known as Felda Global Ventures -- raised 10.4 billion ringgit ($2.49 billion at the current exchange rate) on the Kuala Lumpur stock exchange.
