Facebook to finish taking orders for IPO tomorrow
The banks managing Facebook Inc.’s initial public offering plan to stop taking orders tomorrow, ahead of schedule, according to a person with knowledge of the transaction.
The world’s biggest social network will probably finish taking investor orders for the IPO after U.S. markets close tomorrow, said the person, who declined to be identified because the plans are private.
Jonathan Thaw, a spokesman for Menlo Park, California-based Facebook didn’t answer a call outside of regular business hours.