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Facebook wraps up IPO road show in Silicon Valley

Facebook wraps up IPO road show in Silicon Valley

Facebook CEO Mark Zuckerberg and other executives addressed about 200 prospective investors in Silicon Valley - the last of the bigger road show events ahead of its initial public offering.

Facebook CEO Mark Zuckerberg and other executives addressed about 200 prospective investors on Friday at a hotel luncheon in Silicon Valley - the last of the bigger road show events that Facebook Inc is holding ahead of its initial public offering (IPO).

The IPO is expected this week.

The luncheon was held at the Crown Plaza Hotel in California. Zuckerberg arrived in a caravan of black SUVs and got in the hotel's back entrance.

He gave prospective investors a 10-minute presentation. That was followed by a 35-minute question-and-answer session with Zuckerberg, Chief Operating Officer Sheryl Sandberg and Chief Financial Officer David Ebersman.

The event followed similar meetings in New York on May 7 and Boston on May 8.

Facebook will hold some smaller, private meetings this week but nothing as big as those three. The company also has posted a version of its road show presentation online.

Facebook Inc is expected to price its IPO on May 17 and begin trading on the Nasdaq Stock Market on May 18 under the ticker symbol "FB."

The offering could value the company near $100 billion.

Published on: May 14, 2012, 12:52 PM IST
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