So we are on the verge of the biggest IPO of the year, maybe even the new decade. It’s got the all the hype and glamour of a major motion picture. Fascinating characters, great plot lines, wonderful twists and unexpected turns. You have guessed I am not talking about BATS.
Yes, Facebook is moving closer and closer to its IPO and today announced that it will list its shares on the NASDAQ and not the NYSE. Looks like the challenge to stand up to the old guard, the titans of tech like Google and Apple, has been accepted by Facebook.
A smooth S-1 process resulted in few questions as shares traded on secondary markets with valuations topping $103 billion. No, there were no accounting gaffes like Groupon and there were very few amendments outside of the Yahoo! litigation over patents. Indeed, Facebook is just around the corner.
A roadshow is coming soon. Institutions will get a firsthand look at the numbers, the plan and get reasons why they should buy stock in the world’s largest social network. The many investment banks that usually charge 7% of the total amount raised as their fee … but will only get 1.1%, because, well because this is the deal of the decade, will follow the roadshow with an indication of interest from the institutional investors.
Then we get a price, and then it trades…. likely in early May.
WILL YOU BE A BUYER?
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