NYSE pitches listing to Facebook after IPO mess: source
SAN FRANCISCO (Reuters) – Facebook (FB.O: Quote, Profile, Research, Stock Buzz) is considering a stock-listing proposal put forward by the New York Stock Exchange, a source familiar with the situation told Reuters, in the wake of a disappointing initial public offering last week on the rival Nasdaq (NDAQ.O: Quote, Profile, Research, Stock Buzz) bourse.
Facebook is mulling the pitch by NYSE Euronext (NYX.N: Quote, Profile, Research, Stock Buzz), the source said without elaborating on specifics.
The numbers on the Facebook earnings revisions
SAN FRANCISCO, May 22 (Reuters) – Four of Facebook’s major
underwriters — Morgan Stanley, Goldman Sachs, JPMorgan and Bank
of America — reduced their financial estimates for the
soon-to-be-public company following the release of a revised
prospectus on May 9 that noted the negative impact of mobile
users on Facebook’s business.
While Facebook did not provide any specifics in its amended
S-1 filing, the four underwriters reduced their earnings and
revenue estimates for both the second quarter of 2012 and the
full year within the next two days, according to sources.
Facebook stock slide puts new pressures on company
SAN FRANCISCO, May 21 (Reuters) – Facebook Inc’s
underwhelming debut on Wall Street increases the pressure on the
social networking giant to deliver stellar growth – a novel
situation for Chief Executive Mark Zuckerberg, who has been
clear he is more interested in building products than making
money.
Facebook shares fell 11 percent on Monday, the company’s
second day as a publicly traded company, due to what many
analysts and investors blamed on overly aggressive pricing by
Facebook’s underwriters, as well as a decision to expand the
size of the offering by 25 percent.
Historic Facebook debut falls flat
SAN FRANCISCO, May 18 (Reuters) – The historic initial
public offering of Facebook Inc did not go as planned on
Friday, as the social networking company’s sky-high valuation
combined with trading glitches left the stock languishing near
its offering price at the market close.
Facebook shares began trading late Friday morning and opened
11 percent above the $38 offering price, but after peaking at
about $45 slid rapidly at the end of the day to close at $38.23.
The IPO was the third-largest in U.S. history and valued
eight-year-old Facebook at $104 billion.
QUOTEBOX: Facebook – Views from the Valley
SAN FRANCISCO (Reuters) – Facebook Inc began trading on the Nasdaq on Friday, becoming the first American company to debut with a valuation above $100 billion.
The debut — marred by technical hiccups and the lack of the first-day bounce in the share price that many had expected — marks the formal ascension of the No. 1 social network to the ranks of Silicon Valley technology powerhouses.
Facebook: Views from the Valley
SAN FRANCISCO, May 18 (Reuters) – Facebook Inc began
trading on the Nasdaq on Friday, becoming the first American
company to debut with a valuation above $100 billion.
The debut — marred by technical hiccups and the lack of the
first-day bounce in the share price that many had expected —
marks the formal ascension of the No. 1 social network to the
ranks of Silicon Valley technology powerhouses.
Facebook fizzles on debut after opening at $42.05
SAN FRANCISCO (Reuters) – Facebook Inc(FB.O: Quote, Profile, Research) shares fizzled on their first day of trade on the Nasdaq, erasing early gains of as much as 18 percent to trade close to their initial public offering price.
The stock opened 11 percent higher and rose to $45 before rapidly heading south in frenzied trade, touching its initial public offering price of $38. The No. 1 online social network raised as much as $18.4 billion in one of the biggest initial public offerings in U.S. history.
Facebook fizzles in debut, shares skirt IPO price
SAN FRANCISCO, May 18 (Reuters) – Facebook Inc shares
fizzled on their first day of trade on the Nasdaq, erasing early
gains of as much as 18 percent to trade close to their initial
public offering price.
The stock opened 11 percent higher and rose to $45 before
rapidly heading south in frenzied trade, touching its initial
public offering price of $38. The No. 1 online social network
raised as much as $18.4 billion in one of the biggest initial
public offerings in U.S. history.
Investors eagerly await Facebook debut on Wall Street
May 18 (Reuters) – Investors are bracing for Facebook’s
Wall Street debut on Friday after the pioneering online
social network raised about $16 billion in one of the biggest
initial public offerings in U.S. history.
To rapturous applause from employees, Facebook Chief
Executive Mark Zuckerberg rang the bell to kick off trading on
the Nasdaq market at the company’s Silicon Valley headquarters
at 6:30 a.m. Pacific time.
Investors brace for Facebook debut on Wall Street
May 18 (Reuters) – Investors are bracing for Facebook’s
Wall Street debut on Friday after the world’s No.1 online
social network raised about $16 billion in one of the biggest
initial public offerings in U.S. history.
Valued at $104 billion, Facebook is larger than Starbucks
Corp and Hewlett-Packard combined, sparking
intense speculation on how much higher its valuation will rise
once shares start trading.

