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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 :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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