Let's take a stroll around the Internets and see what's being said about the biggest and boldest Web 2.0 IPO to date.
The Big Picture
Facebook's S-1 filing was a "brilliant move," according to Tim Loughran, a finance professor at Notre Dame who has previously analyzed the initial offerings of Zynga, Groupon, LinkedIn, and other social media companies. Loughran thinks the company's IPO valuation of "only $5 billion" should make Facebook "a very hot IPO in terms of first-day returns ... $5 billion is not much to spread around to both retail and institutional investors (regardless of the offering price)."
Loughran also expects that a scarcity of shares will raise Facebook's market value in the short-term and propel the company to conduct a follow-on offering later, which could attract "institutional players to take more meaningful positions in Facebook."
To read the entire article visit: Facebook IPO: What They're Saying