Latest Facebook IPO Talk: Road Show Next Week?
UPDATED: CNBC’s Kate Kelly added to speculation that Facebook’s road show would kick off next week, reporting the story on the business news network’s Closing Bell show.
UPDATED: CNBC’s Kate Kelly added to speculation that Facebook’s road show would kick off next week, reporting the story on the business news network’s Closing Bell show.
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...
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