» So what’s Facebook total value post-debut? Some analysts says the company could debut valued as high as $86 billion, though that would certainly require its shares to surge in its first day. The final pricing won’t come until after the company’s planned “roadshow” with bank representatives. Representatives of both parties will tour the country to gauge national interest in the offering, before determining the final opening price.The company will be represented by “FB” ticker, and is expected to begin trading on May 17 or May 18.
It was embarrassing. We feel terrible about it. But the steps that were taken, I believe, were taken at the right pace and the right actions were taken. The firm is responsible. We take responsibility. There’s no outside influence here.Bats Global Markets CEO and President Joe Ratterman • Discussing the company’s utterly embarrassing attempt at an IPO on Friday, which was, in a rare incident, cancelled at the last second. That’s because the company’s computers went haywire, so much so that it led to a halt in trading at the much larger Apple. Despite the incident, Ratterman downplayed what happened: “We’ve had historically very few instances where our systems have gone down, but they have gone down in different ways in the past like every other venue,” he said. “I don’t think this is anything new as much as it was under a bright spotlight.” When was the last time you had to cancel an IPO because you broke another company’s stock?