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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence POLITICAL ECONOMY | PART 1: THE TELECOM TEST The Sangh’s Costliest Blunder: Keeping Narendra Modi in the Chair After Demonetisation and a Trail of U-Turns Two private giants, one state-propped survivor, roughly ₹3.22 lakh crore in announced BSNL revival and support packages (spectrum allocation included), and ₹1.41 lakh crore of AGR dues still on the books: telecom shows what happens when one man’s brand becomes the party’s only policy. This is an argument against Narendra Modi, not against the BJP. SYNOPSIS India’s telecom market has narrowed from a messy but real plurality into two dominant private networks, one weak private survivor kept alive by government equity, and a public operator that has needed about ₹3.22 lakh crore in announced support packages and spectrum allocations, not all of it cash. The 2010 spectrum auctions that started the debt spiral were a UPA-era event, and we say so plainly. But a ...
Facebook to file for IPO, on Wednesday: WSJ
Now will the shares of Northgate Technologies Ltd (CMP: Rs.8.95), the owner of India's top Social Networking Website: www.bharatstudent.com, shoot up in the next few days, due to rub-off effect??
SAN FRANCISCO (MarketWatch) — Facebook may file documents for an initial public offering on Wednesday, eyeing a valuation of $75 billion to $100 billion, the Wall Street Journal reported Friday.
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Morgan Stanley is close to winning the IPO deal, while Goldman Sachs is expected to play a key role, according to the Journal, which cited an unnamed source. Read more on Facebook at WSJ.com.
Facebook could not immediately be reached for comment.
The company’s public trading debut is expected to be a high point in the wave of social networking IPOs which recently saw the launch of such companies as LinkedIn Corp.     LNKD -0.01%   , Groupon Inc. GRPN -0.10%  and Zynga Inc.     ZNGA +5.57% 
Speculation of a Facebook IPO heightened this week after news reports of a halt in trading in the company’s privately-held shares on the secondary market, which was said to be a signal that the firm was about to file papers.
Trading on the secondary market was reportedly suspended until Monday, according to news reports from the New York Times and Bloomberg that cited unnamed sources.
Facebook, the leading social-networking site in the world with more than 800 million users, is widely expected to file for an IPO this year — a deal that’s expected to become one of the biggest public offerings in history.
Scott Sweet of IPO Boutique said a Facebook IPO will likely lead to “pandemonium.”
“It’s absolutely massive,” Sweet said in an interview. “The mere drop of a hint will cause pandemonium.”
Currently, Facebook has an implied value of roughly $80 billion based on data from SharesPost, a trading platform for privately-held shares of pre-IPO firms.

Source: Marketwatch

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