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Facebook Files $5 Billion IPO, Meltzer Lippe Experts Available for Comment

Facebook filed the preliminary prospectus for its long-awaited initial public offering. Meltzer Lippe partners Ira Halperin and Paul Rubell are available for comment.

FOR IMMEDIATE RELEASE

 
PRLog (Press Release) - Feb. 3, 2012 - Facebook filed the preliminary prospectus for its long-awaited initial public offering (IPO).  Meltzer Lippe partners Ira Halperin and Paul Rubell are available for comment.

Halperin heads the Corporate Law Group with extensive experience representing public and private companies engaged in complex mergers and acquisitions, and public offerings.  He has substantial experience representing underwriters and U.S. and non-U.S. issuers in public and private offerings of equity securities including initial public offerings (IPO’s) and preferred stock issuances.

Rubell has a special interest in technology, having programmed computers since 1969 and developed websites since 1993. He is well versed in software licensing, cloud computing, social media, privacy, technology transfer, intellectual property, and cutting-edge legal and technological innovation. He authored a treatise about Open Source Software Licensing. His experience with Internet law encompasses domain name disputes, take-down notices, and infringement.  

Both Halperin and Rubell are internet and technology law experts with experience in IPO’s.

Mr. Halperin stated, “No surprise here. The better question is where will the stock eventually be priced?  Google was initially priced at $85 a share in August of 2004 and is currently selling at over $580 a share.  Facebook is in a better position than Google was at the time of its IPO.  It is likely Facebook will debut at over $100 a share – clearly outside the range of a typical investor.

Mr. Rubell stated, “Facebook’s IPO filing highlights the resurgence in technology’s profound effect upon social change and human ingenuity. The investing community has once again jumped on the bandwagon of technology companies as a way to reap financial rewards.  This is not, however, a return to the hey-day of the ‘.Com-era’ of the 1990’s.  

“Digital media and technology companies of the 2010’s generally have a firmer basis in real products, bona fide services and sound ways to earn revenue.  Facebook, for instance, grossed $3.7 billion in revenues during 2011.  Although, its valuation of $100 billion is fantastically high, the amount bears a direct correlation to the way Wall Street and Facebook’s user community hold this company, and the entire concept of digital communications, in high regard,” said Rubell.

“Entire waves of political change, such as Occupy Wall Street and the “Arab Spring” revolts have shown how one person, acting alone can effect broad political economic and other changes.  Prior to the world-wide web in the 1990’s, it was nearly impossible for anyone to be heard instantly round the world, but today Facebook, and companies like it, are able to facilitate the immediacy of personal interaction. Thus the filing of Facebook’s IPO is an arbiter of the world we live in and a harbinger of great advances in technology yet to come.”

For questions or comments please contact:

E-mail:            ihalperin@meltzerlippe.com                  Telephone:      516.747.0300
                       prubell@meltzerlippe.com
                       bstanton@meltzerlippe.com

# # #

Meltzer, Lippe, Goldstein & Breitstone LLP is a cutting edge law firm combining the best features of small firms with top level talent from major metropolitan law firms and functions in a full range of business areas: tax, corporate, real estate, trusts and estates, labor and employment and commercial litigation.

Since its formation in 1970, Meltzer Lippe has attracted clients who are private business owners, corporate executives working at both public and private companies, real estate developers, venture capitalists and individuals on Long Island, throughout the United States and throughout the world. For more information visit: www.meltzerlippe.com.

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Industry:Business, Legal
Tags:$5 billion, ipo, meltzer, facebook, Halperin, acquisitions, digital media, Technology, mineola, cutting edge law
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