Facebook set for IPO road show to start Monday: source
Facebook set for IPO road show to start Monday: source
dr dre headphones The road show 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 Tuesday.Founder and chief executive Mark Zuckerberg, who has mostly operated in the background during Facebook’s journey to public markets, will be involved in the road show, another source said.IPO road shows, in which company management present their strategy to prospective investors, typically last two weeks. If the road show 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 road show 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 (U.S.) in what will likely be the largest Silicon Valley IPO ever.
dr dre headphones“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 road show that will rival all road shows where investors will be turned away at the door.” LONDON, Ont. — One brief witness and one single-sentence agreed statement of facts later, the defence for Michael Rafferty rested.The 31-year-old Rafferty, who is pleading not guilty to kidnapping, sexual assault causing bodily harm and first-degree murder in the April 8, 2009, death of Victoria (Tori) Stafford, didn't take the witness stand.He is, of course, presumed to be innocent and has no obligation to either testify or call any evidence. It is the prosecution's burden to prove him guilty beyond a reasonable doubt.The quick end to the defence presentation means the finish line looms for the case, now in its ninth week.Ontario Superior Court Judge Thomas Heeney dismissed the jurors until Friday, when Rafferty's lawyer, Dirk Derstine, will give his closing address.Crown prosecutors will follow Monday, with the judge giving jurors legal instructions Tuesday; they likely will have the case in their hands late that day or early next Wednesday.Derstine's lone witness was a 60-year-old Woodstock, Ont., woman whose name is under a publication ban. She has grandchildren who attended the same public school in the town, about 50 kilometres east of London, at the same time as the eight-year-old Tori was in Grade 3 there.