Accel Partners News
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Updated 30 minutes ago
Facebook Inc. investors such as Accel Partners and Goldman Sachs Group Inc. increased the number of shares they’re selling in the social network’s initial public offering, boosting the sale to as much as $16 billion.
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Facebook Inc. is seeking to add directors, including at least one woman, who can add diversity to its all-male board, people with knowledge of the matter said.
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Groupon Inc., the largest daily coupon website, has work to do if it’s to rebuild investor confidence after one of the worst public market debuts for a Web company since the dot-com crash.
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Facebook Inc. Chief Executive Officer Mark Zuckerberg, clad in a gray T-shirt, told investors that the company is taking steps to make money from its mobile-user base and that his decision to buy Instagram wasn’t rash, according to people who attended the meetings.
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Facebook Inc.’s initial public offering has so far generated lower-than-expected demand from institutional investors who are concerned about the company’s growth prospects, people with knowledge of the matter said.
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Facebook Inc. officials are touting growth prospects for the largest social network in meetings this week in New York and Boston with hundreds of would-be investors before its record initial public offering.
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Facebook Inc. officials are touting growth prospects for the largest social network in meetings this week in New York and Boston with hundreds of would-be investors before its record initial public offering.
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Facebook Inc. investors Accel Partners and Goldman Sachs Group Inc. plan to sell as much as $1.8 billion in shares of the top social network, becoming two of the biggest sellers in the planned initial public offering.
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Facebook Inc. is betting its growth prospects will persuade investors to pay 99 times earnings for its initial public offering, a higher multiple than 99 percent of companies in the Standard & Poor’s 500 Index.
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Facebook Inc. received a buy recommendation from Wedbush Securities Inc. and a target price of $44, its first rating since announcing plans to sell shares in a range of $28 to $35 in an initial public offering.
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