From the Wall St Journal: Facebook Inc.'s Mark Zuckerberg, clad in a black hoodie and
sneakers, met with buttoned-up Wall Street types Monday in an event that
brought a flavor of Silicon Valley's latest technology frenzy to a New York
crowd.
Last week, Facebook set the price range for its shares at
$28 to $35 a share, targeting a valuation as rich as $96 billion in what would
be a record debut for an American company. The largest valuation for a U.S.
company at the time of an IPO was United Parcel Service Inc. UPS +0.09% in 1999
at $67 billion, according to Dealogic.
On Monday, investors piled into the hotel to hear what Mr.
Zuckerberg and his lieutenants had to say about the offering. At one point, the line, leading to a
second-floor ballroom where the meeting was scheduled to be held at 11:45 a.m.,
stretched down to the first floor and spilled out of the hotel for nearly half
a city block….
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