When: Today, Tuesday, May 1st at 3:56PM
Where: CNBC’s “Closing Bell”
Following is the unofficial transcript of breaking news from CNBC’s Kate Kelly. All reference must be sourced to CNBC.
KATE KELLY: WELCOME BACK TO CLOSING BELL I’M KATE KELLY WITH SOME BREAKING NEWS ON FACEBOOK. THE MUCH ANTICIPATED TECH IPO IS READY TO GO ON THE ROAD AS EARLY AS MONDAY, I AM TOLD. FACEBOOK IS LOGISTICALLY READY, THEY HAVE THE PAPERWORK PRETTY MUCH ALL IN HAND. THE SEC IS LOOKING FAVORABLY ON THE DOCUMENTS THEY HAVE FILED FROM MY UNDERSTANDING. THERE COULD ALWAYS BE A LAST MINUTE HITCH SO WE CAN’T SAY WITH ABSOLUTE CERTAINTY BUT IT IS LOOKING VERY MUCH LIKE MONDAY IS WHEN FACEBOOK WILL HIT THE ROAD AND THEY WILL PROBABLY START WITH A MEETING AT MORGAN STANLEY THEIR LEAD UNDERWRITER SOMETIME MID-MORNING, MID-DAY TO INTRODUCE TO THAT SALES FORCE THEIR OFFERING. THEY WILL THEN FAN OUT FOR ABOUT TEN DAYS BILL AND THEY COULD START TRADING AS EARLY AS MAY 16TH OR 17TH.
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