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Latest update: 02/02/2012
- Facebook - Internet - social networking
Facebook embarks on largest-ever US tech IPO
Facebook filed for a public offering in the US on Wednesday. Founder and CEO Mark Zuckerberg will own 56.9% of the voting shares and have economic control of 28% of shares in a company expected to be worth up to 100 billion dollars.
By News Wires (text)
AFP - Facebook will set a target of raising $5 billion in papers to be filed on Wednesday for an initial public offering, according to reports on Tuesday.
The New York Times and International Financing Review said $5 billion is only a preliminary target for the IPO by the social networking giant and the final size could be larger.
Last week, The Wall Street Journal reported that Facebook would seek to raise $10 billion at a valuation of $75 billion to $100 billion.
The Times noted that other Internet companies have raised their fund-raising targets after gauging investor demand.
Facebook is expected to file a prospectus with the US Securities and Exchange Commission on Wednesday for an IPO that analysts have said would likely be the biggest financial event for the technology industry this year.
The Times, citing people briefed on the matter, said Facebook plans to file for the IPO on Wednesday but it "could still decide to delay its filing."
Both the Times and IFR said Morgan Stanley had been selected as the lead underwriter for the deal.
With a deal size of $10 billion, Facebook would slip into sixth place on the list of largest US IPOs between AT&T Wireless Group ($10.62 billion) and Kraft Foods ($8.68 billion), according to Renaissance Capital.
Even at $5 billion, it would be the largest IPO ever by a US Internet company, eclipsing that of Google in 2004 which raised $1.9 billion and valued the Web search giant at $23 billion.
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our local police dept, and how safe are we with parolee's
I am feeling very irate with the police dept. on Thursday one of my clients went out to get her hair done with a friend of hers and when he found out i told her she was to return home he began to play games, started to tell me that he had to take her the crisis unit then later called and said that they released her with a perscription which they don't do , and they were going to Wallmart to fill it to make a long story short he took her to a motel where he held her false imprisonment for a day then the next day the minute he turned away she was able to run to the bus stop 2 days later she called and told me so we called sheriffs dept. after he took a few notes he realized that it happened in BPD jurisdiction and here we still sit waiting for BPD to come and take a report and this man is constantly text-ing her with unspeakable messages. where do we really stand with the system of parolees and the law are we truly safe??????
facebook problem
i really don't know what the problem is at facebook, but i've been trying to get my password or reset it for 35 days, i think there's a problem, i'm 67 years old and retired and have been playing the same game for three years.
All i'm asking is a little help
Ronald R Holden Sr.
Face Book International
Says my face book account won there lottery and now wants to charge me to receive my winnings.What realy matters is they used Marks name to back up what appears to be a Scam
my facebook
why please why can i get my facebook or my emails ikt have been month i even pasy the guru in com. but nothing happen i cll msn. for help and nothing i am 68yr old and i hsard fo mer to go aut can somebody help pleaseoxoxox
Locked Account
My name is Namona Brown for over a month now I have been having some real bad issues with the login password, back in January I forgot my passsword so I change it, I really do think I have changed it to many times since then because I still cannot access my account, but the lastweek I have remain with the same password and still cannot access my account, If there is anything you can do to help me resolve this problem I would be for ever Grateful, this waiting 24hrs has become a nightmare to me cause I have been waiting for a month now,. Please help you have my address and the name of my facebook account, please do not send me anymore Codes for as they don't work . Thankyou & God Bless
whitney Houston for it yes
whitney Houston for it yes
MONEY MADE FROM COMMEMTS
MONEY MADE FROM COMMEMTS
AND THAT ONLY FOR COMMENTS BY
AND THAT ONLY FOR COMMENTS BY OTHERS .
Doulbe-trouble
Mark will more than double his previous standing interest of FB, making him King Cow. "Moo!"
--more than enough to go around, so buy early or it could be too late for the better deal.