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Facebook not friends with Canadian investors

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Facebook not friends with Canadian investors

 

 

 

LV outlet uk Retail investors in British Columbia hoping to get in on the Facebook initial public offering are out of luck, a local investment adviser said Monday.For Facebook to sell shares in its IPO in B.C. it would have to file a prospectus here, said Sean Millington with TD Waterhouse Private Investment Advice.And there’s no need,” Millington said. “Why are they going to pay money in Canada when they are oversubscribed already in the U. S.?”Facebook filed a preliminary prospectus with the U.S. Securities and Exchange Commission in February and executives are now on the road Monday trying to gauge interest and determine the price for the offering. The company is aiming for a share price between US$28 and US$35, which would, at the top end, value the company at $96 billion.But the only access Canadians will have to Facebook shares is after the IPO when the shares start publicly trading, Millington said.Even if a B.C. resident had an account with one of the IPO’s 33 underwriters, which includes online brokerage E*Trade, it still would be tough to get in at the start, he said.

 

LV uk sale This is a well-sought-after offering so the client would have to be a “favourite client,” likely someone with a large portfolio who is easy to deal with.It would be theoretically possible but I would say it’s highly unlikely that an online account is going to get access to an IPO,” Millington said.Is it worth buying?Millington thinks the shares are priced at the top end of the spectrum, but there could be short-term gains.I think it has potential to have some momentum right out of the gate,” he said. “How long and how far that momentum carries it is anybody’s guess.”But it’s a risky proposition to buy and hold,” Millington added.That’s not saying it can’t go up over time, like Google has (which went public in August 2004 for US$85 per share and is now trading at about US$600), he said.But it could also be Apple and Apple went up and down a fair bit before we got to where we are today. And that’s a lot of volatility to be riding.”Meanwhile in New York Monday, Facebook Inc CEO Mark Zuckerberg fielded questions about the No. 1 social network’s slowing revenue growth and its $1 billion purchase of Instagram as he kicked off a cross-country road show to promote the company’s $10-billion initial public offering.

 

LV replica uk Wearing his trademark hoodie, jeans and sneakers, the 27-year-old chief executive said he would do the Instagram deal again if he had to, according to people who attended the event.Hundreds of investors attended the presentation at New York’s Sheraton Hotel, which was closed to the media.The world’s largest social network aims to raise about $10.6 billion, dwarfing the coming-out parties of tech companies like Google and granting it a market value close to Amazon.com.The eight-year-old social network began as Zuckerberg’s Harvard University dorm-room project.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 road show progresses from New York to major cities such as Chicago, Boston and San Francisco.Find the fattest, reddest marker you can and circle May 21, the day of the Washington Nationals’ next game against the Philadelphia Phillies. In the hours after the final out of the teams’ three-game series at Nationals Park this past weekend, the rhetoric between the two clubs only intensified.

 

cheap lv sunglasses sale The Nationals had marketed the series as an appeal to Washington fans to “take back the park” from Philadelphia followers, who regularly made the two-hour trek to support their team. Sunday night, it became clear the enmity between the sides has extended to the players and executives as well. Phillies pitcher Cole Hamels admitted after the game he had drilled Nationals 19-year-old rookie Bryce Harper with the ball on purpose. Monday morning, Washington General Manager Mike Rizzo blasted Hamels, calling the move “classless” and “gutless” while labeling Hamels “fake tough.” Rizzo called on Major League Baseball to suspend Hamels, and by Monday evening, the pitcher had been handed a five-game ban.Meanwhile, former Phillie Jayson Werth said he could hear Phillies fans taunting him as he walked off the field Sunday night with a broken left wrist, suffered after he slid to catch a fly ball. Werth underwent surgery Monday at the Mayo Clinic in Rochester, Minn., performed by Richard Berger, to repair a distal radius fracture. He will miss roughly 10 to 12 weeks.

 

cheap lv sneakers sale In an e-mail to the Post, Werth, a member of the 2008 World Series champion Phillies, vowed he would return, motivated to keep Phillies fans from ever seeing another title parade. After walking off the field feeling nauseous knowing my wrist was broke and hearing Philly fans yelling ‘You deserve it,’ and, ‘That’s what you get,’ I am motivated to get back quickly and see to it personally those people never walk down Broad Street in celebration again,” Werth wrote.Hamels said after Sunday’s game he had drilled Harper in his first at-bat as a nod to “that old school, prestigious way of baseball.” Rizzo took exception and responded in harsh and explicit terms.Players take care of themselves,” Rizzo said in a phone conversation that was laced with expletives. “I’ve never seen a more classless, gutless . . . act in my 30 years in baseball.Cole Hamels says he’s old school? He’s the polar opposite of old school. He’s fake tough. He thinks he’s going to intimidate us after hitting our 19-year-old rookie who’s eight games into the big leagues? He doesn’t know who he’s dealing with.”

 

cheap lv pumps sale Rizzo said player safety should take precedence and Hamels should miss at least one start. Later, the league’s five-game suspension ensured Hamels would suffer financially. But the Phillies, because of an off day Thursday, can manipulate their rotation to ensure Hamels will not miss a start.With all the bounty [stuff] going on in professional football, the commissioner better act with a purpose on this thing,” Rizzo said. “Players have a way of monitoring themselves. We’re not here to hit people and hurt people. He thinks he’s sending a message to us of being a tough guy. He’s sending the polar opposite message. He says he’s being honest; well, I’m being honest. . . . That was a fake-tough act. No one has ever accused Cole Hamels of being old school.”Police turned huge areas of central Moscow into no-go areas on Monday in a bid to head off protests as Vladimir Putin was sworn in a for a third term as president.Mr Putin was sworn in inside the Kremlin's tsarist-era throne room as 2,000 dignitaries and guests, including former Italian prime minister Silvio Berlusconi, applauded his every step down the red carpet in the vast hall.Outside, riot police in full "cosmonaut" gear - so called because of their astronaut-like helmets - stalked the city at potential protest meeting points.More than 300 protesters were arrested, including men and women in cafes who wore white ribbons symbolising their opposition to Mr Putin.One of Mr Putin's first acts at the start of his six-year term was to officially nominate the man he replaced, Dmitry Medvedev, to be the country's next prime minister.Russia's parliament, the Duma, is expected to approve the choice. Mr Putin also issued a wide-ranging foreign policy decree, focusing on relations with the United States, and criticising what he said was the use of human rights concerns to interfere in Russia's internal affairs.

 

cheap lv purses sale In a brief speech delivered just after being sworn in Mr Putin declared that Russia was now "reborn" and vowed to take it to a "new stage" of development."The coming years will be decisive for Russia's fate for decades to come," he said.Committing to a strong foreign policy, Mr Putin said Moscow would be a "reliable, open, honest and predictable partner" but also "the centre of gravity for the entire Eurasia."And he said he hoped to strengthen democratic freedoms.Despite the efforts of police to keep the public well clear of the Kremlin, several protests against the inauguration took place in the city.Activists accuse Mr Putin of systematically sacrificing rights in the pursuit of stability and lacking legitimacy after his knockout 63.6 per cent victory in a March election which was marred by allegations of fraud and vote-rigging.The inauguration was sharply choreographed, with Mr Putin driven from the government headquarters through eerily deserted Moscow streets blocked off by police and then into the Kremlin itself.In a hugely popular Live Journal entry, blogger Makhk posted pictures of the vast, deserted Moscow streets with the sarcastic title: "The joyful crowds of Muscovites greet the new cleanly elected president!"

 

 

 

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