Okay, let's be realistic: once Wednesday hit, it was all about Facebook this week. The world was waiting for the Facebook IPO filing, and now we have it. The S-1 was fascinating, especially the sections about corporate governance, for those of us who are interested in that sort of thing. While the user statistics were mind-blowing, the financials fell a little short. Let's keep in mind that this was the first step, though, and that there will be amendments to the S-1.
Of course, Facebook wasn't the only action this week. AVG Technologies and Greenway Medical Technologies both went public, and Twitter's latest implied valuation was revealed. Needless to say, it was a busy week.
Now, let's look at the top stories on Inside IPO:
1. Look for 8 IPOs this week: The IPO market is starting to pick up momentum. Eight companies are expected to hit the public markets this week, with plenty of tech, life sciences and energy among them. Here's what you need to know:
2. REVEALED: Facebook's financials [FACEBOOK S-1]: We've been speculating forever, and now, finally we know. Here are the details from Facebook‘s S-1:
3. Did you know Facebook shares are trading higher right now? [SHARESPOST]: Well, that didn't take long. Just last week, Facebook halted trading in its stock, ostensibly to gather a list of shareholders for the prospectus it's rumored to be filing on Wednesday. According to TechCrunch, the stocksoon to be known as ‘FB' is now being traded in a SharesPost auction … and it's up.
4. The lawyers behind Facebook and Twitter: It was revealed recently that Facebook is using Fenwick & West as it heads toward its IPO. Twitter, which has continued to acquire smaller players in its space, is working with law firm Shearman & Sterling, according to The AmLaw Daily.
5. SDR IPO: Here's what you need to know: SandRidge Energy is headed back to NYSE. The company filed an S-1 to spin off SandRidge Mississippian Trust II earlier this month. This follows two energy IPO spin-offs by SandRidge Energy last year – SandRidge Mississippian Trust I and SandRidge Permian Trust. Here's what you need to know about this IPO:
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