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Neon Tommy - Annenberg digital news

Facebook Begins Courting Investors

Braden Holly |
May 7, 2012 | 12:08 p.m. PDT

Executive Producer

Facebook presentation.  Photo by Thos Ballantyne and courtesy of Creative Commons.
Facebook presentation. Photo by Thos Ballantyne and courtesy of Creative Commons.
Facebook began courting investors Monday as potential shareholders gathered in New York to hear 27-year-old CEO Mark Zuckerburg speak.

Facebook is attempting to raise over $10 billion dollars, an amount that would give it a market value equal to Amazon, according to Reuters.

Reuters reported:

The size of the IPO reflects the company's growth and bullish expectations about its money-making potential as a hub for everything from advertising to commerce. Many investors say they expect Facebook to raise its offer price-range as the roadshow progresses from New York to major cities such as Chicago, Boston and San Francisco.

Investors formed a line outside the Sheraton Hotel about an hour before the roadshow started on Monday morning, as a nearby media throng awaited the arrival of Facebook executives and elicited inquiries from curious passers-by.

Experts are expecting that Facebook will improve in value throughout 2013 and would make a good investment.

Reuters reported:

Susquehanna Financial Group analyst Herman Leung said in a note to investors on Monday that he expected Facebook's revenue to grow 40 percent this year and 33 percent in 2013.

He said the $28 to $35 range for Facebook shares was an "attractive" valuation that provided a "compelling entry point" for investors.



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