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5 quick reads for you on Facebook IPO

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Here's a quick look at Facebook IPO. We bring you a roll of readings for today as you get ready to work. So here's what the cyberspace is talking about the IPO:

First to the newsbreakers: The Wall Street Journal

Facebook Inc. filed for an initial public offering Wednesday that could value the social network between $75 billion and $100 billion, putting the eight-year-old company on track to be one of the biggest U.S. stock-market debuts of all time, even as it tries to keep up with sky-high expectations. Full Report

The Pando Daily has some interesting takes

It does show that Zuckerberg owns 28% of the company. Back in 2006, when Facebook turned down the Yahoo offer, Zuckerberg owned about one-third of the stock. The company has raised nearly $2 billion in capital since then. Full Report

GigaOM has this interesting post

Digging into the SEC’s online database of company filings, it looks like the word “hacker” has been used just 6400 timesin the past four years. That may seem like a lot, but out of the millions of words that have been filed to the SEC in that amount of time, it’s a pittance. And from the looks of it, practically every time the word “hacker” has been used in regulatory filings, the connotation has been negative: “Data security breaches as the result of hackers,” “The acts of a hacker causing damage or destruction to data” and so on. Full Report

Businessinsider has a list of people who will be rich

The top executives at Facebook, and its investors, are getting an unbelievable payout. We've heard reports of a valuation ranging between $75 billion and $100 billion. Full Report

And a contrarian's viewpoint comes from Wired

This could mean Facebook’s IPO will meet a fate similar to that of this year’s other high-profile tech IPOs. Both Zynga and Groupon actually sank below their IPO share price — right out of the gate — a sign of failure on Wall Street. “The tech class of 2011 has underperformed,” said Paul Kedrosky, a prominent financial blogger and senior fellow at the Kauffman Foundation, in an interview. “Because of secondary markets, that post-IPO balance happened pre-IPO. My expectation is, Facebook will see a very similar phenomenon.” Full Report

 

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