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Wednesday, May 2, 2012

Facebook Sets IPO Date For May 18: Report by Tomio Geron

Facebook has set a planned date for its initial public offering of May 18, according to the Wall Street Journal, citing “people familiar with the matter.”

The social networking giant is expected to start its roadshow on Monday to pitch the company to potential Wall Street investors, the Journal reports.

Facebook CEO Mark Zuckerberg is expected to make an appearance at some of the investor pitches, but not all of them, the newspaper reported.


Facebook Reports $137M Net Income, $1.1B Revenue For March Quarter
Steve Schaefer
Forbes Staff
The much-anticipated Facebook IPO is expected to raise as much as $10 billion in one of the largest technology IPOs ever.

Facebook recently posted an updated S-1 filing revealing first quarter 2012 revenue of $1.058 billion, up 45% from the year-ago period. But net income was down, at $205 million, from $233 million in the year-ago period, due to seasonality and stock-based compensation, the company said.

Facebook also updated its user numbers showing 901 million monthly active users as of March 31, 2012, up 33% from the year-ago period.

 Tomio GeronTomio Geron

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