Last but not least: Zuckerberg On The Road
In the run-up to the IPO, Facebook founder Mark Zuckerberg showed himself to investors at a lunch in a New York hotel. Because now the hot phase of the social network's IPO begins.
The next step for its management is to convince professional investors to buy the not exactly cheap shares. For this reason, company founder Mark Zuckerberg made a personal appearance at the start of the so-called "roadshow" in the financial metropolis of New York. As a result, the Facebook management team is now traveling across the USA to meet potential investors.
According to the US television station CNBC, around 600 investors were waiting for the delegation in the hotel's large hall. If the shares could be sold at the maximum price of 35 dollars each, the company would be worth 96 billion dollars. In comparison, Google's revenues in 2004 amounted to 1.7 billion dollars, while the total valuation was 23 billion dollars, as SDA wrote on Tuesday. This makes the Facebook IPO the largest ever for an Internet company. Facebook is of interest to investors because of its approximately 900 million users, the main source of income being advertising. The questions at the meeting therefore also revolved around the recent slowdown in Facebook's growth rate and the 1 billion dollar acquisition of the image service Instagram. Outsiders were not allowed in.
