Reuters: Technology News: Facebook IPO roadshow scheduled for May 7: source

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Facebook IPO roadshow scheduled for May 7: source May 1st 2012, 23:52 Tweet Share this Email Print Related News Facebook reveals revenue, profit slide ahead of IPO Mon, Apr 23 2012 Facebook pays Microsoft $550 million for AOL patents Mon, Apr 23 2012 Carlyle IPO values company at $7.61 billion Mon, Apr 16 2012 In Silicon Valley, designers emerge as rock stars Fri, Apr 13 2012 Google view on mobile ads awaited at CEO's 1-year anniversary Wed, Apr 11 2012 Analysis & Opinion The problem with Marc Andreessen Flesh-eating beetles at the museum Related Topics Tech » Media » Facebook » The Facebook logo is shown at Facebook headquarters in Palo Alto, California May 26, 2010. Credit: Reuters/Robert Galbraith By Alistair Barr and Alexei Oreskovic SAN FRANCISCO | Tue May 1, 2012 7:52pm EDT SAN FRANCISCO (Reuters) - The roadshow for Facebook Inc's initial public offering is scheduled to start on Monday, meaning the company's shares should begin trading on May 18, a source familiar with the process said on Tuesday. Founder and CEO Mark Zuckerberg, who has mostly operated in the background during Facebook's journey to public markets, will be involved in the roadshow, another source said. IPO roadshows, in which company management present their strategy to prospective investors, typically last two weeks. If the roadshow goes particularly well, shares sometimes start trading a few days earlier. A source familiar with the offering said last week that a recent acquisition spurt by the largest social network could have added about a week to the IPO timetable as regulators signed off on the deals. However, this review is close to completion, allowing the company to go ahead with the roadshow on Monday, the source added. The sources did not want to be identified because they are not authorized to speak about the company's IPO. Facebook is set to raise at least $5 billion in what will likely be the largest Silicon Valley IPO ever. "I have not seen as broad-based interest in an IPO since Google. Investor demand is immense," said Scott Sweet of research firm IPO Boutique. "I expect a roadshow that will rival all roadshows where investors will be turned away at the door." (Reporting By Alistair Barr; Editing by Bernard Orr) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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