Baby Leone
SENIOR MEMBER
- Joined
- Aug 25, 2011
- Messages
- 5,437
- Reaction score
- -2
- Country
- Location
Social media website, Facebook, announced that it is raising as much as $13.6 billion in stock, which would make this the biggest Internet IPO since Google's in 2004, with an offering price of between $28 and $35 a share.
The company filed with the Securities and Exchange Commission on Thursday afternoon, stating it will sell 337 million shares. The share price range could value the company from $77 billion to $96 billion, the Wall Street Journal reported.
In the build-up of events leading to Facebook's initial public offering of its stock, what happens next is the "road show"usually a two-week, multi-city tour by top management, where potential buyersbig institutions mostlyget the chance to ask questions.
These events are by invitation only. Small fry need not attend. You could donate all your organs at once, right there at the door, and still not get in.
See Facebook's video on its road show. Scott Sweet, managing partner of IPO Boutique, which tracks IPOs, predicts Facebook's road show "will attract a huge amount of attendees at every location. I believe not only will there be standing-room-only, but people will be turned away. Only about 200 people per city get invited."
Facebook IPO May Value Social Network Site at $96 Billion - ABC News
The company filed with the Securities and Exchange Commission on Thursday afternoon, stating it will sell 337 million shares. The share price range could value the company from $77 billion to $96 billion, the Wall Street Journal reported.
In the build-up of events leading to Facebook's initial public offering of its stock, what happens next is the "road show"usually a two-week, multi-city tour by top management, where potential buyersbig institutions mostlyget the chance to ask questions.
These events are by invitation only. Small fry need not attend. You could donate all your organs at once, right there at the door, and still not get in.
See Facebook's video on its road show. Scott Sweet, managing partner of IPO Boutique, which tracks IPOs, predicts Facebook's road show "will attract a huge amount of attendees at every location. I believe not only will there be standing-room-only, but people will be turned away. Only about 200 people per city get invited."
Facebook IPO May Value Social Network Site at $96 Billion - ABC News
