Part Two of The Current
Public trading of Facebook shares
We started this segment with part of a Facebook video making the rounds this week. Executives of the social networking site sing the company's praises .... hoping to encourage investors to buy stock when Facebook goes public.
The company's Initial Public Offering - or IPO - is scheduled for Friday and it's anticipated to be the biggest Internet IPO ever. A few days ago ... word was that shares are expected to go between $28 to $35, the business pages this morning are now musing the initial price could be $34 to $38 a share. Facebook's value could be over $100 billion by week's end.
Leading the sales pitch is Facebook CEO Mark Zuckerberg. Mark Zuckerberg turned 28 years old this week and while many are excited by Facebook going public, the IPO has others wondering if he and his company have what it takes to make a go of it in the long-run.
Nancy Miller is a financial journalist who has written an e-book called: The Facebook IPO Primer. She was in our New York studio. David Andrews is Director of Investment Management at Richardson GMP - a Canadian Investment Firm. He was in Toronto. And David Kirkpatrick is the Founder of the Techonomy Conference and the author of The Facebook Effect and we reached him in New York.
This segment was produced by The Current's Liz Hoath and Idella Sturino.
Other segments from today's show: