Ahead of what's expected to be the biggest technology IPO in history,
Facebook's executive team entered its first round of investor meetings
to crowds befitting the arrival of a boy band. Facebook's power
trio -- CEO Mark Zuckerberg, chief operating officer Sheryl Sandberg,
and chief financial officer David Ebersman -- used a side entrance to
duck into a Sheraton hotel in Manhattan early Monday afternoon. The
group then spent 25 minutes answering about a dozen questions from some
400 investors packed into a ballroom, according to three attendees who
described the presentation.
Andrew Beja, a manager with Granahan Investment Management who attended
the presentation, spoke on the record. Two other attendees declined to
be identified by name.
Even the most pessimistic potential investors said they expect Facebook to price its IPO above the range of $28 to $ 35 per share it outlined in a recent Securities and Exchange Commission filing.
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