Social networking site Facebook on Monday held a secret meeting by the bankers, market analysts and lawyers involved in the final sprint to prepare for the company's initial public offering (IPO).
CNBC reported that such meetings are generally regarded as a Facebook IPO start-up meeting. The investment banks are able to ask any questions at the meeting, allowing the sale of the company's stock to investors in Facebook IPO.
But the report also stressed that investment banks and market analysts did not attend the Monday's meeting. After the first round of the dotcom bubble burst at the beginning of this century, investment banks have already set the firewall to prevent the investment banking team affect their R & D team. They said that, if the investment bank's banking business team wants to talk with Facebook's R & D personnel, they must be after the approval of the lawyers.
It is not clear that Facebook has invited a number of analysts to attend the meeting. Earlier there was news, which is responsible for Facebook IPO underwriters, five to ten largest investment banks may have analysts attended the meeting. Another source said that most involved in Facebook IPO underwriter analysts invited to participate in the meeting.
Facebook has become the world's largest social networking site, with over 845 million users of Facebook founder Mark Zuckerberg, a Harvard University dorm. The company plans to raise 5 billion U.S. dollars through the IPO, the company valuation up to $ 75 billion to 100 billion U.S. dollars, which will become the Silicon Valley's largest IPO. But there are also some of Wall Street had expressed concerns about over-reliance on advertising on Facebook, which in Facebook last year's revenue was $ 3.7 billion, 85% comes from advertising.
The market is generally expected, Facebook may be traded in the middle of this year, the company's listed securities code "FB". The IPO of Facebook will bring lots of revenue for it.
CNBC reported that such meetings are generally regarded as a Facebook IPO start-up meeting. The investment banks are able to ask any questions at the meeting, allowing the sale of the company's stock to investors in Facebook IPO.
But the report also stressed that investment banks and market analysts did not attend the Monday's meeting. After the first round of the dotcom bubble burst at the beginning of this century, investment banks have already set the firewall to prevent the investment banking team affect their R & D team. They said that, if the investment bank's banking business team wants to talk with Facebook's R & D personnel, they must be after the approval of the lawyers.
It is not clear that Facebook has invited a number of analysts to attend the meeting. Earlier there was news, which is responsible for Facebook IPO underwriters, five to ten largest investment banks may have analysts attended the meeting. Another source said that most involved in Facebook IPO underwriter analysts invited to participate in the meeting.
Facebook has become the world's largest social networking site, with over 845 million users of Facebook founder Mark Zuckerberg, a Harvard University dorm. The company plans to raise 5 billion U.S. dollars through the IPO, the company valuation up to $ 75 billion to 100 billion U.S. dollars, which will become the Silicon Valley's largest IPO. But there are also some of Wall Street had expressed concerns about over-reliance on advertising on Facebook, which in Facebook last year's revenue was $ 3.7 billion, 85% comes from advertising.
The market is generally expected, Facebook may be traded in the middle of this year, the company's listed securities code "FB". The IPO of Facebook will bring lots of revenue for it.
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