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- Biggest IPO since Google?
How can Facebook grow bigger still? That’s what we’re waiting to see as the tech world – heck, the world at large – holds it breath for the launch of its initial public offering (IPO) happening in just two and a half weeks’ time, apparently set for Friday May 18 with a corporate roadshow to mark the announcement beginning on Monday, May 7. The news was first reported via The Wall Street Journal’s Twitter account.
The IPO is expected to be the biggest ever since Google went public in 2004. The date of the launch has remained somewhat in limbo as Facebook awaited approval from the Securities and Exchange Commission (SEC) of the social networking site’s S-1 filing, according to CNET.
Forbes contributor Darcy Travlos questioned the move, saying it might trouble Facebook’s investors after reports that the company has experienced “slowing metrics” and recently acquired the photo-sharing site Instagram for $1 billion.
Facebook’s roadshow, in which the company will offer a presentation to potential investors, is expected to be held in New York City, Boston, San Francisco, Chicago, Baltimore and Los Angeles, according to the New York Times. The first meeting will likely take place on Monday in New York at banking giant Morgan Stanley.
The name of the corporate roadshow game is to explain why your stock will be such a good buy, although in Facebook’s case that shouldn’t be too hard. (Just show them this video and you’ll be done in 150 seconds)
Source: Yahoo! News: Software News
