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Wednesday, 2 May 2012 - Facebook's IPO show to hit the road on May 7: source |
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    Read more with google mobile : Facebook's IPO show to hit the road on May 7: source |

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See the best of Reuters photography.  See more | Photo caption  WTC rises again The new World Trade Center surpasses the Empire State Building as the tallest building in New York.  Slideshow  Killing Bin Laden The operation that killed the al Qaeda leader.  Slideshow  Facebook's IPO show to hit the road on May 7: source Tweet Share this Email Print Related News Facebook IPO roadshow scheduled for May 7: source Tue, May 1 2012 Facebook calls on members to flag organ donor status Tue, May 1 2012 Facebook reveals revenue, profit slide ahead of IPO Mon, Apr 23 2012 Italian stocks - Factors to watch on April 17 Tue, Apr 17 2012 Carlyle IPO values company at $7.61 billion Mon, Apr 16 2012 Analysis & Opinion Essential reading: How Apple keeps its tax bill low, KPMG inquiry in UK, and more The problem with Marc Andreessen Related Topics Tech » Media » Facebook » Related Video 3XSQ: Zuckerberg, Facebook IPO road show begins Monday 10:02am EDT U.S. Morning Call: Facebook IPO to hit the road May 7, source says The Facebook logo is shown at Facebook headquarters in Palo Alto, California May 26, 2010. Credit: Reuters/Robert Galbraith By Alistair Barr and Alexei Oreskovic SAN FRANCISCO | Wed May 2, 2012 10:55am EDT SAN FRANCISCO (Reuters) - The roadshow for Facebook Inc's initial public offering is scheduled to start on Monday, meaning the company's shares should begin trading on May 18, a source familiar with the process said on Tuesday. Founder and CEO Mark Zuckerberg, who has mostly operated in the background during Facebook's closely watched journey to public markets, will be involved in the roadshow, another source said. Facebook declined to comment. Many on Wall Street had not expected Zuckerberg to turn up on the roadshow after he skipped a March analysts' meeting, ceding the stage to COO Sheryl Sandberg and CFO David Ebersman. His March absence irked some investors who were indignant that the CEO, while wielding near-absolute control over the eight-year-old firm, had snubbed Wall Street. IPO roadshows, in which company management presents its strategy to prospective investors, typically last one to two weeks. If the roadshow goes particularly well, shares sometimes start trading a few days earlier. Facebook is set to raise at least $5 billion in what will likely be the largest Silicon Valley IPO ever. The world's largest social network continues to command keen investor interest although disappointing first-quarter results raised questions about whether it can sustain breakneck growth for the longer term. A source familiar with the offering said last week that a recent acquisition spurt by the company could have added about a week to the IPO timetable as regulators signed off on the deals. This review is close to completion, however, allowing the company to go ahead with the roadshow on May 7, according to the source who spoke with Reuters on Tuesday. The sources did not want to be identified because they are not authorized to speak about the company's IPO. "I have not seen as broad-based interest in an IPO since Google. Investor demand is immense," said Scott Sweet of research firm IPO Boutique. "I expect a roadshow that will rival all roadshows where investors will be turned away at the door." The news on the road show was first reported by tech blog AllThingsDigital and the Wall Street Journal. (Editing by Bernard Orr and Edmund Klamann) Tech Media Facebook Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. 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