Facebook Road Show Next Week
Well kids, the moment we've all sorta been waiting for is upon us. The Facebook road show (such as it is) begins next week. Trading in private Facebook shares in the secondary market is being suspended tomorrow.
The road show isn't going to be much of a "road show", however. It seems Zuck and the crew are too busy to cruise cross-country John Madden style and go office to office pitching their IPO. Instead, they've recorded a road show video that is set to broadcast next week. So all of you syndicate members who were looking forward to a stack of Domino's pizzas being delivered before meeting Zuck face-to-face are shit out of luck.
It's kind of a shame, really. Road shows were always a pleasant distraction in our office. Even if the deal was shit (hell, especially if the deal was shit) the CEO was always good for buying us lunch before explaining how his shitty biotech was going to use our IPO money to move out of his guest bathroom. Now I guess they just don't press the flesh anymore.
Anyway, we're looking at Facebook coming real soon. As in, probably 10 days or less from now. So all of our speculation about how high a valuation they managed to hornswoggle will soon be answered. I for one am looking forward to it. We can all honestly say that it's the most hyped deal of the 21st Century (so far).
Anyone wanna get a pool going on the exact IPO date?
Anyone else think this stock is going to go to the moon? If for no other reason than the irrational excitement over social media non-sense?
King, I actually think their timing couldn't be better right now. The market seems bound and determined to go higher, and breaking the 13,000 threshold on the Dow has people in a buying mood. This thing could really rip. That said, I expect its initial valuation to be completely absurd.
I expect to see some serious razzle dazzle in that road show video, too. Like Hollywood studio production value. Imagine aftermarket buying on day one if that thing goes viral on YouTube.
I can't wait till the stock craters.
Can't wait to see this rise and crash in spectacular fashion.
Seriously, retail investors are such suckers... and a great source of liquidity.
FACEBOOK FACEBOOK FACEBOOK FACEBOOK FACEBOOK FACEBOOK FACEBOOK FACEBOOK WOOOOOO
FAAACCCEEEBOOOOKKKKKK!!!!!!!!!!!!!!!!!!!!!!!!!!!!
BUY GSVC!!!!!!!!!!!!!!!!!!!!!!!!!
Global Silicon Valley Capital is closed end fund that owns shares of privately held internet retailers, tech, cloud computing, and social media companies. (Facebook, Twitter, Chegg, Bloom Energy...)
http://gsvcap.com/
Buy this if u cant get access to facebook ipo!
Are there any other reasons why you like them other than the fact that they own FB shares? By the way, their FB investment as a percentage of NAV was 14.63%, and most of their investments I've never even heard of before with the exception of Twitter and Chegg.
Let's get a WSO Pool, I've got $15k
EB this IPO reminds me of Broadcast.com which gained 300% and I have a feeling FB is going to beat that. Btw, I sent you a PM
Definitely a stock I will closely follow, curious to see where this baby pans out...
Successful nerds like Zuckerberg really do not have time for finance guys.
They were the people you picked on in grade school while they were studying. Then when they make it, you all want to hang out with them.
Zuckerberg's response: No, I have better things to do. Invest with me or don't invest with me. I don't really care. I built this company and I control 60% of the voting rights, so I don't really have to.
He can't stand dealing with finance people. Frankly, I'm not sure I blame him.
FWIW I went into finance because I was fucked with as a kid too: I wanted to be around smart, ambitious people who would mold me into a more effective person. There are plenty of nerds on the Street.
You don't get to that level without learning to fight back, but it's hard to do a tech startup without still having the ethos of a nerd. When you sell out on that, you lose your ability to make money like Gates, Zuckerberg, and the like.
If I were Zuckerberg, I would snub the bankers, too, which I'm pretty sure this is. He no longer has time to put up with the people whom he sees as Ayn Rand's looters and moochers.
I could only imagine the other tech IPOs to blast out after this.
Anyone going to flip shares the day of the IPO? I never do that but might be lured in on this one. No one in their right mind is going to short this coming out of the gate, so the valuation is irrelevant.
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