which bank is facebook going to choose for its IPO next year?
rumors are saying that its happening next year. Could help some seniors choose a bank for next year...
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My inside sources tell me it will be Edward Jones
it's going to be like GM...the entire bulge bracket will be joint bookrunners prob equal economics too
CS for lead manager.
Definitely Harris Williams, because apparently that's the only bank where MDs "go to bat" for their analysts.
bet they're going to do a tender auction like Google did.. everybody wants a piece of this and they aren't going to let any one bank set the price based on a bookrunning process. I also suspect that the fees will be miniscule (a la GOOG) because banks will underbid one another to add that lead-manager tommbstone to their creds as it will mean something for the next 10 years.
Do you have any sources saying they will go public any time soon? I just don't see it happening.
GS and all BB firms. GS, MS and JP are JGCs on IPO of DST which owns 3.5% of Facebook
Personally I think the company would be better off remaining private, since Facebook relies on its hip reputation and being a big public company maximizing EPS doesn't fit their image...but I imagine Zuckerberg and the other investors want to take some money off the table while Facebook is flying high now.
Hello
Its depends on situation .. lets keep our finger crossed.
Thanks http://www.fintel.us/
[quote=vitun]Hello
Its depends on situation .. lets keep our finger crossed.
Thanks http://www.fintel.us/[/quote]
worst post/reply ever
Seems like you'd have to be out of your mind to invest in facebook. Unless they expand into totally new businesses, where is the growth opportunity? That coupled with the chance the fad ends seems to make facebook equity suicide.
^
Don't think FB is a fad-driven phenomenon. At this point, social networking is deeply ingrained into our DNA. Facebook has become a routine --- wake up, brush teeth, sh*t, facebook. And what competitors are there that can possible challenge Facebook? -- none. They've cornered the social networking market.
I think the strategy at this point is to lock in users and then slowly monetize. The possibilities are enormous... Consider Google. They started off as (and still do derive most of their profit from) a search engine algorithm. Now they're as close as any company has gotten to Skynet (terminator reference).
And consider the cottage industries spawning up around Facebook, i.e. Facebook Apps. That derivative market alone is now worth Billions (e.g. Zynga or however you spell it)
All you have to do is look at the precipitous dropoff of Myspace to realize it wouldn't take much for Facebook to falter. There's no true barriers in the social networking industry and there is already a lot of discontent with the way FB handles their user's data. If (big if) another player can put together a similarly interesting social network, it could materially cripple Facebook. This isn't like Google, where complex algorithms set them apart in the search game for nearly a decade until MSFT made a big push. The only thing keeping FB on top is it's vast user base - an advantage for sure, but users are fickle and it's not like it takes much effort for a user to switch social networks if they so choose.
As for banks, I'd bet the house on MS/GS. JPM's internet practice blows but they'll probably get some sort of lead manager role along with a couple of guys like CS and DB.
Myspace is nothing like facebook.
Have you watched tv lately? Or been to a store? Or walked around outside?
Have you not seen the tiny little facebook logo wherever you go? Seriously, start to look around... you will see it everywhere. If I watch TV now, I usually see the facebook logo at least once per commercial break. I see the logo at tons of stores, on tons of sites, its everywhere. Not that seeing the logo is any indication of the success of the company, but honestly, when was the last time you saw a google logo on another company's advertisement (perhaps this is its greatest asset, the fact that other people advertise the site on its behalf)
I don't think users are fickle with facebook. Ask any college student if they have a facebook, and they would think you are an idiot for even asking that question. Then ask how many times a day they are on facebook. Most kids could not give you an honest answer, since for the most part (between phones and laptops), they are always on facebook. Honestly, this thing is bigger than Google, IMO.
Allen & Co has to be involved.
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