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Facebook IPO Roadshow Could Kick Off by Monday

Kate Kelly, Kayla Tausche, and Jesse Bergman
Tuesday, 1 May 2012 | 4:32 PM ET

Facebook will begin marketing its highly-anticipated initial public offering as early as Monday, according to people familiar with the matter, if no last-minute red flags from the Securities and Exchange Commission are raised.

Facebook
AP
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Under the planned schedule, Facebook shares could begin trading as early as May 16 or May 17, according to these people.

The timing could come down to the wire — with an official prospectus not being made publicly available to prospective investors until as late as Monday morning, these people added.

The first meetings would likely be midday Monday at Morgan Stanley, the company’s lead banker on the offering, and would then crisscross the nation, lasting roughly 10 days.

Facebook has filed for an offering of $5 billion, but is expected to raise more by the time the deal prices. The company will list on the Nasdaq under the ticker “FB”.

The IPO is being led by Morgan Stanley , Goldman Sachs , JPMorgan , Bank of America , Barclays Capital and Allen & Company, with a total of 31 banking advisors helping guide the deal.

A Facebook spokesperson declined to comment on the IPO timing.

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