Facebook To Go Public On Friday, May 18

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."

Comments

Elephant in the room

[Idetuxs]

Someone have to say it: Bubble

There.

Re:Elephant in the room

[similar_name]

They spy on you whether you have an account or not. Unless you actively make the effort to block their servers from loading widgets on every other page you visit. It may not link you to a name but it does link you to an IP address which often links you to a rough location (and it's just a matter of making a deal with your ISP to link the IP to your name). If Facebook ever gets an ad network going off of Facebook they will have a lot of info related to your ip to serve those ads.

Best avoided

[icebike]

This will open low, shoot high, then nosedive and stay low for a long time.
You can play in this sandbox, as long as you understand that all the sand belongs to someone else, and at bets you can get in, fill your bucket, dump it, and get back out before any one notices you are there.

Everybody recognizes this for what it is, a cashout for the major FB players.

Re:Best avoided

[icebike]

There are very few companies like Facebook whom have no documented source of their income. They are under legal obligation to provide investors with mission & earning statements.

I've read a lot of them.

You will find precious little detail in the revenue side of a 10K. You get exactly what they want you to get, while sales data is masked and obfuscated and aggregated to the point that you can't tell anything from the Balance sheet. Entire massive R&D projects can be hidden on the costs side of the ledger, such that companies like Apple can spring an entire new concept in in smart phones after three years of development with no one having any clear idea of the cost involved, or even that the project was underway from reading financial statements and annual reports.

Seriously, if you think Sarbanes–Oxley or GAAP rules or SEC regulations provide any clarity or a level playing field you are delusional.