Social networking site Facebook will submit to a preliminary prospectus on Wednesday morning to the U.S. Securities and Exchange Commission, and it plans to raise funds $ 5.0 billion. According to several reliable sources, Facebook director will have a meeting of the IPO for approval in Silicon Valley headquarters on Tuesday afternoon.
It is reported that the amount of money raised far less than the market had expected, it will help to increase investor participation in IPO interest. Previously reported, Facebook plans IPO to raise 7.5 to 10 billion U.S. dollars of funds.
Reduce the amount of funds raised, reflecting the conservative mentality of Facebook will be open IPO process, and it will then decide whether to increase the funds that based on market reaction.
It is reported that, Facebook has hired five investment banks as the company's IPO underwriters, including Morgan Stanley will serve as lead underwriter.
In addition, Goldman Sachs, Merrill Lynch, Barclays Bank and JP Morgan will serve as deputy underwriter. The message also said, Facebook securities underwriting team may continue to expand.
According to Facebook's plan, the company will be IPO in May this year in public, but everything depends on the Securities and Exchange Commission's registration process is smooth.
From investment banking sources said the underwriters of the securities in the election on the issue, Facebook has been very careful, but Morgan Stanley in the Internet business when the IPO market leading position, so the company became the first public Facebook IPO lead underwriter.
Facebook stock pricing may only be traded in the Pro finalized, it is not clear that Facebook's IPO valuation of the company will achieve much. Facebook currently in the U.S. private equity stock market it values more than $ 80 billion. At present, Facebook will the first social networking.
It is reported that the amount of money raised far less than the market had expected, it will help to increase investor participation in IPO interest. Previously reported, Facebook plans IPO to raise 7.5 to 10 billion U.S. dollars of funds.
Reduce the amount of funds raised, reflecting the conservative mentality of Facebook will be open IPO process, and it will then decide whether to increase the funds that based on market reaction.
It is reported that, Facebook has hired five investment banks as the company's IPO underwriters, including Morgan Stanley will serve as lead underwriter.
In addition, Goldman Sachs, Merrill Lynch, Barclays Bank and JP Morgan will serve as deputy underwriter. The message also said, Facebook securities underwriting team may continue to expand.
According to Facebook's plan, the company will be IPO in May this year in public, but everything depends on the Securities and Exchange Commission's registration process is smooth.
From investment banking sources said the underwriters of the securities in the election on the issue, Facebook has been very careful, but Morgan Stanley in the Internet business when the IPO market leading position, so the company became the first public Facebook IPO lead underwriter.
Facebook stock pricing may only be traded in the Pro finalized, it is not clear that Facebook's IPO valuation of the company will achieve much. Facebook currently in the U.S. private equity stock market it values more than $ 80 billion. At present, Facebook will the first social networking.
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