So the Facebook (FB) IPO is now complete. Zuckerberg has collected his billions, the underwriters took their (discounted) selling commission, investors have taken a bath, and the class action suits are already being filed.
The transaction was a disappointment by any objective measure.
Unless you have been living under a rock, you probably know that Facebook (FB) has filed for listing on the stock exchanges and plans to raise $5 billion through its IPO, which is rumored to value the firm at $100 billion. I have several issues with the IPO, starting with the fact that Mark Zuckerberg (who I greatly respect) will dominate the company and the shareholders will have little control over the happenings at Facebook. I plan on discussing the management issues in a separate article.
HONG KONG (Reuters) - Glencore , the global commodities trading giant, is set to appear before the listing committee of the Hong Kong stock exchange this week, the strongest sign yet it will go ahead with a roughly $10 billion IPO, sources with direct knowledge of the plans told Reuters on Monday.
Reuters - Glencore , the global commodities trading giant, is set to appear before the listing committee of the Hong Kong stock exchange this week, the strongest sign yet it will go ahead with a roughly $10 billion IPO, sources with direct knowledge of the plans told Reuters on Monday.
Glencore, the global commodities trading giant, is set to appear before the listing committee of the Hong Kong stock exchange this week, the strongest sign yet it will go ahead with a roughly US$10 billion IPO, two sources with direct knowledge of the plans told Reuters on Monday
HONG KONG (Reuters) - Glencore , the global commodities trading giant, is set to appear before the listing committee of the Hong Kong stock exchange this week to seek approval for a planned initial public offering, sources with direct knowledge of the plans told Reuters on Monday.
Reuters - American International Group Inc plans to seek Hong Kong listing committee approval on September 21, to list its Asian life insurance unit, aiming to raise about $15 billion, two sources with direct knowledge of the deal said on Tuesday.
HONG KONG (Reuters) - American International Group Inc plans to seek Hong Kong listing committee approval on September 21, to list its Asian life insurance unit, aiming to raise about $15 billion, two sources with direct knowledge of the deal said on Tuesday.