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Facebook To Go Public On Friday, May 18

Posted by samzenpus on from the for-real-this-time dept.

redletterdave writes "The IPO on everyone's minds for the past few years — and possibly the biggest one in history — is upon us: Facebook will finally make its Wall Street debut on Friday, May 18, 2012. Sources also say Facebook will begin its IPO roadshow on Monday, May 7, and will eventually list its shares on the Nasdaq (not NYSE) with the ticker symbol 'FB.' Facebook looks to raise anywhere from $5 billion to $10 billion during its roadshow to achieve a $100 billion valuation, which would make it one of the biggest IPOs of all-time."

5 of 182 comments (clear)

  1. Re:Best avoided by icebike · · Score: 5, Informative

    I'm on a lot of such lists, and you will never read anything of interest there.

    --
    Sig Battery depleted. Reverting to safe mode.
  2. Re:Best avoided by alexander_686 · · Score: 4, Informative

    Why borther with buying a share? Anything they send out to shareholders they also have to publish on SEC's Edger. It is a great little resource.

    http://www.sec.gov/edgar/searchedgar/companysearch.html

    Now, buy a share of Berkshire Hathaway. You can get the information off the SEC, but Buffett really knows how to put on a show.

  3. Re:Best avoided by vlm · · Score: 4, Informative

    You have it wrong. They have to document a semi-detailed, lets say, one page income statement listing classes of income, and it gets stamped with the approval of a corrupt auditing agency (recall recent scandals where it was all faked).

    Trust me, Wisconsin Energy does not give me a copy of individual bills in each quarterly statement. You get lines like "$1B revenue from electric"

    --
    "Science flies us to the moon. Religion flies us into buildings." - Victor Stenger
  4. Re:Elephant in the room by Anonymous Coward · · Score: 5, Informative

    My bet is that, just like in most IPOs, the only people to make money from it will be the institutional investors that get in as preferred (early access before normal trading). They'll then cash out as early trading and the "day trader" mentality causes the price to go spiking up. The folks that buy during that spike will be left holding the (empty) bag. Again, as usual. This seems to always happen on these "big" IPO offers. Google's was the same way. Now - if you buy during the spike, you might still make money if you can steel yourself to hold onto it for awhile. Maybe. If you are lucky. Otherwise, for folks like the average slashdot reader, it is a "don't buy".

  5. Re:Elephant in the room by DerekLyons · · Score: 5, Informative

    Google's was the same way.

    No, it wasn't. On opening day it closed at 100.35, and except for two days two weeks after their IPO... it's never been below that.