Facebook IPO Demand Above Expectations

May 11, 2012 by Douglas A. McIntyre

Source: courtesy Facebook Inc.
Reuters reports that the Facebook IPO is already oversubscribed. That means the upper end of the projected price range of $28 to $35 may be raised soon. In turn, Facebook could then raise more than the $10.6 billion expected. The data could also be a sign, although an unpredicatable one, that shares will rise once the IPO is complete.

Obviously, the worries about slow ad growth and a lack of revenue from the social network’s mobile initiatives have been trumped by expectations of how much a company with 900 million potential customers can expand.

Zuckermen’s hoodie must not have offended institutional investors as much as was believed. Neither did the objectionable video about the company which was shown at meetings with investors

 

Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE

Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.


Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

Posted in Investing | Comments Off on Facebook IPO Demand Above Expectations