Zuckerberg in New York to find investors for Facebook IPO

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Mark Zuckerberg, founder and CEO of Facebook, began today in New York a U.S. tour for potential investors for the expected public offering of shares (IPO) with the popular social network plans to go public on 18 May.

Accompanied by a small entourage of assistants and collaborators, and surrounded by many cameras and photographers, smiling Zuckerberg arrived today at a hotel in downtown Manhattan where he expected hundreds of potential investors interested in your company.

The CEO of the largest social network in the world, who turns 28 next week, chose New York as the first stop of a tour that will take you through different areas of U.S. society to present at the operation, for which it has set a IPO price of 28 to $ 35 per share.

According to documents filed last week with the Securities and Exchange Commission of USA (SEC), the social network founded eight years ago at Harvard will bring to bag 180 million common shares and Class A shareholders of the firm sold other 157.4 million.

Among the companions of Zuckerberg in New York, where the hotel gates formed a long line of people eager to hear the arguments of the young entrepreneur, stressed the Facebook COO, Sheryl Sanberg, and CFO, David Ebersman.

The CNBC reported after the meeting that some potential investors left disappointed in the presentation, since only projected a 30-minute video circulating on the internet since last week, while Zuckerberg came late to turn questions and answers.

After his brief tenure in the Big Apple, where he was just a couple of hours, the Facebook team will continue the tour in other cities like Boston and Baltimore in the U.S. east coast, Chicago, in the center, and San Francisco and Los Angeles, on the west coast.

This past weekend, Warren Buffett revealed in a meeting with investors who do not intend to invest in the network, while his partner in Berkshirse Hataway, Charlie Munger, said he did not invest in something you do not understand “and has no interest to understand what is Facebook. ”

Upon completion of the IPO transaction, Zuckerberg will control 57.3% of the company on the Nasdaq, which are already listed some of the world’s largest technology companies like Google, Apple or Microsoft.

Facebook, which hopes to raise up to 11,800 million dollars its opening on Wall Street reduced its profit by 12% the first quarter by a significant increase in expenses.

The social network, which has 901 million active users each day across the world, recorded in 2011 with solid revenue of 3,700 million dollars, 88% more than in 2010, while its net profit was 1,000 million, the 65% a year.

Tags: Facebook, Mark Zuckerberg

Category: Business News