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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."

3 of 182 comments (clear)

  1. Re:Best avoided by Kenja · · Score: 5, Interesting

    When it drops low enough I'll buy a single share so I can get on the investors mailing list. Cant wait to see documented information about how they make their money. Should be a fun read.

    --

    "Have you ever thought about just turning off the TV, sitting down with your kids, and hitting them?"
  2. Re:Elephant in the room by Yvanhoe · · Score: 5, Interesting

    I hope so. I fear it is not. Facebook is indeed profitable. I doubt it has much room left to grow a lot but it is a company that is worth a lot already.

    My bet is that the IPO will be a success, just not an hysteric one.

    --
    The Wise adapts himself to the world. The Fool adapts the world to himself. Therefore, all progress depends on the Fool.
  3. Re:Yep... by koan · · Score: 5, Interesting

    Oh and this...

    Venture capitalists fund startups that leverage Facebook data to disrupt their incumbents. Former Facebook executive Chamath Palihapitiya left the company to start a venture capital firm with a single mission: fund companies that will use Facebook's open APIs to take over large, calcified industries like banking, education, and healthcare. Palihapitiya is funding a banking startup, for example, that will give potential customers a credit score based on their Facebook activity. Potential: Unknown. The idea is that Facebook will profit from companies using its data to disrupt incumbants the way it figured out how to profit from Facebook gamesmaker Zynga's disruption of the videogame industry.

    Read more: http://www.businessinsider.com/facebooks-lousy-ad-business-is-making-its-ipo-is-looking-hairier-by-the-minute--heres-why-it-doesnt-matter-2012-5#ixzz1tkNTU9mH

    Scary.

    --
    "If any question why we died, Tell them because our fathers lied."