Facebook will increase the price range of its May 18 initial public offering Monday or Tuesday, before its order book closes Wednesday, according to Kayla Tausche, reporting on CNBC’s “Squawk on the Street” Friday morning.
We’re just waiting for a Facebook tab to appear on The Wall Street Journal’s homepage: The newspaper has been covering with great speed and interest this week’s initial public offering roadshow. Indeed, Facebook has become something of a mainstay as of late.
Does anyone else feel like we are watching, in real time, the education of Facebook Co-Founder and Chief Executive Officer Mark Zuckerberg? Yesterday was the first day of the Facebook roadshow, which started in New York, where the social network’s May 18 initial public offering was pitched to some 500 analysts and investors at the Sheraton Hotel in midtown Manhattan.
It’s not Facebook Co-Founder and Chief Executive Officer Mark Zuckerberg who is gobbling up the spotlight in the social network’s initial public offering video roadshow in the role of master storyteller. Nor is it Chief Operating Officer Sheryl Sandberg. If you guessed Chief Financial Officer David Ebersman, you guessed wrong. Instead, Vice President of Product Chris Cox steals the show.