Kelly said on CNBC:
The much-anticipated tech initial public offering is ready to go on the road as early as Monday, I am told. Facebook is logistically ready. They have the paperwork pretty much all in hand. The SEC is looking favorably on the documents they have filed, from my understanding.
There could always be a last-minute hitch, so we can’t say with absolute certainty, but it is looking very much like Monday is when Facebook will hit the road, and they will probably start with a meeting at Morgan Stanley, their lead underwriter, sometime around mid-morning or midday to introduce to that sales force their offering.
They will then fan out for about 10 days, and they could start trading as early as May 16 or 17.
Sources also told AllThingsD that contrary to previous rumors, Facebook Co-Founder and Chief Executive Officer Mark Zuckerberg will indeed play a prominent role in presentations to potential investors, although there was no speculation on whether his attire of choice would be a hoodie or a tie. One source told AllThingsD:
Facebook is Mark Zuckerberg and Mark Zuckerberg is Facebook. He’ll do his job as CEO, as he always does.
Yhe previously reported May 17 IPO date, which had started to look dicey, is now a distinct possibility again. What will tomorrow’s rumors bring? Stay tuned.
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