Filed under: Internet, Google (GOOG), Microsoft (MSFT), Yahoo! (YHOO), eBay (EBAY), Private equity, Goldman Sachs Group (GS), McGraw-Hill Companies (MHP), Media World, Initial public offerings, Technology, Visa Inc. (V)
Look, 2009 was a "flush" year. Market rallies were constrained by the low baseline set at the end of 2008, unemployment was high and caution defined nearly every corporate decision. The travel market sucked. The art market sucked. The financial industry labored on with the support of taxpayer money while 140 banks were forced to call it quits. So, we turn to the new year, as yet undefined, for excitement of the type we want ... and it seems likely to deliver. As Nero played from the rooftops, the social media industry inched forward to the climax we hope to see this year -- the initial public offering.
The action hasn't really begun, and the signals emitted are open to various interpretations. Nonetheless, Facebook's new dual-class stock structure is hard to miss, as it would protect the influence of early entrants to the company -- either as investors or options-compensated employees in the event that the 350 million-strong social networking site brings ownership opportunities to the public.
Continue reading Social IPO? Hype Accumulates for 2010 Offerings
Social IPO? Hype Accumulates for 2010 Offerings originally appeared on BloggingStocks on Sat, 02 Jan 2010 14:30:00 EST. Please see our terms for use of feeds.
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