There are rumors that the Facebook “roadshow” to present the company’s prospects to investors will begin this week and that the IPO of the social network will come before month’s end. None of the potential investors may care about what is said in these presentations.
Facebook’s financial data was filed with the SEC months ago. Facebook may be as closely watched by investors and the public as Apple (NASDAQ: AAPL) is. The fact that the founder Mark Zuckerberg, who is only 28, will become one of the world’s richest people adds more fascination as does the idea that someone so young could build something so colossal.
The estimates for what Facebook will be worth after the process still hovers around $100 billion which is where it has been for over a year. That means none of the information which has been released by the company or the press has mattered much.
Douglas A. McIntyre