Facebook Wraps Up IPO Road Show In Palo Alto
PALO ALTO (CBS/AP) – Facebook CEO Mark Zuckerberg and other executives have addressed prospective investors at a hotel luncheon in Silicon Valley.
Friday’s event was the last of the bigger road show events that Facebook Inc. is holding ahead of its initial public offering of stock expected late next week. The luncheon was held at the Crown Plaza Hotel in Palo Alto, Zuckerberg arrived in a caravan of black SUVs and got in the hotel’s back entrance.
He gave prospective investors a 10-minute presentation. This was followed by a 35-minute question-and-answer session with Zuckerberg, Chief Operating Officer Sheryl Sandberg and Chief Financial Officer David Ebersman.
Facebook is expected to price its IPO on Thursday and begin trading on the Nasdaq Stock Market on Friday. The offering could value the company near $100 billion.
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