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FACEBOOK TO GO PUBLIC ON MAY 18
Wednesday, May 2,2012 : FACEBOOK TO GO PUBLIC ON MAY 18
Investor road show begins next week
The Wall Street Journal reports that the social networking giant Facebook will go public on 18 May, describing the upcoming IPO as "one of the most highly anticipated tech initial public offerings since Google went public in August 2004."
Company officials, possibly including founder-owner Mark Zuckerberg, are set to start the investor roadshow next Monday, according to people familiar with the matter.
The Menlo Park, California-based company is seeking to raise about $5 billion in the offering, giving the entire company a value of about $100 billion.
Facebook last month announced it is buying Instagram, the company behind a popular mobile photo-sharing application with the same name, for $1 billion, its largest acquisition ever.
Facebook has declined to comment on the report of an impending IPO.
Analysts point out that during the first quarter, Facebook’s net income fell 12 percent, weighed down by higher expenses even as its revenue soared. Net income fell to $205 million in the three months that ended 31 March, from $233 million a year earlier, while net income attributable to common shareholders fell to $137 million from $153 million. Revenue rose 45 percent to $1.06 billion.
The company had 901 million monthly active users as of 31 March, up from 845 million as of the end of 2011.
Gambling News :
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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