Reuters reports that the Facebook IPO is already oversubscribed. That means the upper end of the projected price range of $28 to $35 may be raised soon. In turn, Facebook could then raise more than the $10.6 billion expected. The data could also be a sign, although an unpredicatable one, that shares will rise once the IPO is complete.
Obviously, the worries about slow ad growth and a lack of revenue from the social network’s mobile initiatives have been trumped by expectations of how much a company with 900 million potential customers can expand.
Zuckermen’s hoodie must not have offended institutional investors as much as was believed. Neither did the objectionable video about the company which was shown at meetings with investors
“The Next NVIDIA” Could Change Your Life
NVIDIA has returned 250-fold in the past 10 years as artificial intelligence took off.
But if you missed out on NVIDIA’s historic run, your chance to see life-changing profits from AI isn’t over.
The 24/7 Wall Street Analyst who first called NVIDIA’s AI-fueled rise in 2009 just published a brand-new research report named “The Next NVIDIA.”
The report outlines key breakthroughs in AI and the stocks ready to dominate the next wave of growth. The report is absolutely free. Simply enter your email below
By providing your email address, you agree to receive communications from us regarding website updates and other offerings that may be of interest to you.
You have the option to opt-out of these emails at any moment. For more information, please review our Disclaimer and Terms of Use.
