Facebook Pitch to IPO Investors Plays Up Mobile Advertising
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Facebook Inc. will play up its prospects for expanding in mobile advertising when it begins pitching its initial public offering to investors in New York, Boston and Silicon Valley next week.
“Mobile is a key area of growth for Facebook,” Chief Operating Officer Sheryl Sandberg said in a video posted yesterday to accompany the investor road show. The shares are scheduled to start trading on the Nasdaq Stock Market under the symbol FB on May 18, according to data compiled by Bloomberg.