SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Renren
RENN 1.650-2.9%Jun 21 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: zax4/19/2012 6:24:23 PM
   of 310
 
*************************  
*** God bless America ***  
*************************
Facebook Targets May 17th For IPO Date

Alexia Tsotsis



techcrunch.com

This just in: According to multiple sources close to the company, Facebook is eying IPO on May 17th — depending on whether the SEC agrees that all the reams of paperwork (including those concerning its recent acquisition of Instagram) are in order.

This is in line with earlier reports that the company was going to hit NASDAQ during the third week of May. And also in line with what a single source told CNBC at length, that the social network was considering either the 17th or the 24th to go public.

According to our sources, Facebook will be valued at around $100 billion, reflecting current levels of trading in the secondary markets (and avoiding SEC scrutiny). Other reports say that the company wants to raise $10 billion at a $100 billion valuation, but like Kara Swisher we are hearing that it will be less.

“Investors want as high a price as possible so that the secondary market won’t look like a problem,” said one of our sources. With 2.51 billion fully-diluted shares outstanding, the valuation desired would price the company at around $40 a share.

We’re also hearing that the Millennial Media IPO was pushed up to early April because Morgan Stanley and Goldman Sachs, which were underwriting both offerings, wanted to “make room” for Facebook. Mobile strategy issues and issues around privacy are of the most concern for institutional investors, and some of the former were ameliorated by the Instagram buy.

This biggest issue with these set date plans is that lot of stuff can happen in four weeks, including the collapse of the European economy, another oil crisis or the assassination of Archduke Franz Ferdinand of Austria.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News