New York, May 2 (FinanceEnquiry.com) – Roadshow of Facebook Inc’s IPO, the social networking service giant with more than 900 million active visitors, will begin on May 7. It means that the privately owned company’s shares will start trading on stock exchanges effectively from May 18.
In roadshow the management of a company issuing securities or doing an IPO travels around the country giving presentations to analysts, fund managers, or potential investors. According to a source, Facebook’s founder and CEO, Mark Zuckerberg, who till now has shied away from limelight, will be involved in the roadshow.
Analysts were less hopeful of Zuckerburg making a public appearance given the fact that he had abstained from March analysts’ meeting, allowing COO Sheryl Sandberg and CFO David Ebersman to take center stage. His March absence did not go well with some investors too.
The world’s largest social network site’s IPO is expected to fetch at least $5 billion in what may be the largest Silicon Valley IPO ever.
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Shares of the company grew more...