Facebook Kicks Off Roadshow

Originally published on Fox Business Facebook Inc kicked off its IPO roadshow in New York on Monday, attracting hundreds of investors who formed a snaking line around the block keen on hearing CEO Mark Zuckerberg tout Silicon Valley's record $10 billion initial public offering. Zuckerberg showed up at the Sheraton Hotel in midtown Manhattan in jeans and a black fleece sweatshirt shortly before 1 p.m. The world's largest social network aims to raise about $10.6 billion, dwarfing the coming-out parties of tech companies like Google Inc and granting it a market value close to Amazon.com Inc's. Investors are expected to flock to the highly anticipated IPO, despite persistent concerns about F acebook's longer-term growth and Zuckerberg's majority control. The 8 -year-old social network that began as Zuckerberg's Harvard dorm room project indicated an IPO range of $28 t o $35 a share on Thursday, which would value the company at $77 billion to $96 billion. Continue reading this article here.