JD Journal » shareholders

Facebook To Make Greatest US Internet IPO Debut In History

chelsei — Mon, 30 Jan 2012 19:11:35 +0000

Facebook has plans to file its initial public offering sometime this week. With mounting anticipation, it is speculated that this may be one of the greatest debuts of a US company in the IPO market.

Viewed as a great opportunity for the most recent Web investment boom, this deal has the potential to raise nearly $10 billion. It would create a value on the social networking site between $75 billion and $100 billion. And the $75 billion is a low ball that is highly unexpected.

The website, filled with nearly 800 million users from around the globe, has changed the way that the modern world communicates with one another. It has enabled people to do everything from share the most recent pictures of the family vacation, to organize extreme protests around the world.

Morgan Stanley has been chosen to lead the deal for Facebook. Being chosen from among the many other Wall Street banks desiring for the lead role in this deal is… Well, a big deal. Many banks are struggling financially, and this deal has the possibility of profiting tens of millions of dollars in banker fees, not to mention the possibility of new business and, of course, bragging rights.

If Facebook gains the $10 billion offering, it would rank it as fourth largest IPO in the US, following Visa Inc, General Motors Co., and AT&T Wireless. Additionally, it will make Facebook the largest US Internet offering of all time, beating out even Google Inc., which only raised $1.9 billion.

If it ends up with a $100 billion valuation, Facebook’s worth would equal all of McDonald’s Corp. and half of Google Inc. combined.

Facebook gains revenue through its advertisements. Big brands have rushed to the site to advertise and interact with customers. They do this through fan pages and display ads. According to eMarketer, a research firm, Facebook had a $3.8 billion revenue in 2011, compared to a $738 million in 2009.

The IPO will create a brand new generation of Silicon Valley millionaires. A thing that has not happened since Google’s offering in 2004.

Chief Executive Mark Zuckerberg, 27, will be tested by the new IPO. It will quickly be seen whether he can handle aglobal company, and the criticism rolling in every three months by invested investors. He has been reluctant to go forward with the IPO, believing that it will change the culture of the website and company. Yet, he knows that he must move forward, because with over 500 shareholders, he must start publicly reporting financial information.

Reinhart Adds Shareholders

joshua — Tue, 12 Jan 2010 22:02:01 +0000

David O. Krier and Christopher E. Rechlicz have been named shareholders in Reinhart Boerner Van Deuren, a business-oriented law firm with offices in Wisconsin and Illinois. Krier is a member of the firm’s Litigation Practice while Rechlicz is a member of the organization’s Business Law and Banking and Finance Practices.

Reinhardt Boerner Van Deuren employs more than 200 attorneys and serves clients throughout the United States and internationally.

Akerman Senterfitt Adds 8 to Consumer Finance Group

Erik Even — Wed, 03 Jun 2009 20:48:06 +0000

Florida’s Akerman Senterfitt has brought on eight attorneys for its Consumer Finance Litigation practice group.

Charles Townsend joins from Bank of America as a Shareholder in Dallas. He was a Senior Vice President and Assistant General Counsel at the bank. He brings with him associate Joshua Bennett.

Shari Turkish joins from Aurora Loan Services as Of Counsel in Denver. She was a Vice President and Legal Counsel at the Lehman Brothers subsidiary. Turkish brings along associates Victoria Edwards and Luke Sosnicki.

Donald Scotten joins from Countrywide Home Loans as Of Counsel in Los Angeles.

Michael Starks joins from Holland & Knight as Of Counsel in Orlando.

And Jason Bates joins the Tampa office as an associate.

Akerman Senterfitt was founded in 1920, and has grown to become one of the largest law firms in the United States. In 2008, the National Law Journal ranked the firm as 92nd largest in the US by number of attorneys, and the second-largest Florida-based firm.

Greenberg Traurig Expands Real Estate Practice

Erik Even — Sat, 23 May 2009 18:43:52 +0000

Greenberg Traurig has expanded its real estate practice with the hiring away of real estate fund attorneys Sanford Presant and Louis Vitali from DLA Piper.

Pesant joins Greenberg Traurig in Los Angeles as a shareholder. Vitali joins in New York, also as a shareholder.

Greenberg Traurig LLP is an international, full-service law firm with more than 1,800 attorneys and governmental affairs professionals in the US, Europe and Asia. The firm was selected as the 2007 USA Law Firm of the Year by Chambers & Partners.

Greenberg Traurig Hires Three for L.A.

Erik Even — Mon, 11 May 2009 22:29:55 +0000

Greenberg Traurig LLP has added three new hires to its Los Angeles office.

Allan J. Abshez joins as shareholder in the Environmental and Land Development Practice groups, where he will continue to work with Elizabeth Camacho, who joins as of counsel. Both come from Irell & Manella LLP.

Cedric T. Chou joins as a shareholder in the Corporate and Securities Practice. Chou was previously a principal and general counsel with NewCap Partners. in the investment banking firm’s Shanghai office.

Akerman Senterfitt Adds 3 to Labor & Employment Practice

Erik Even — Mon, 13 Apr 2009 16:40:25 +0000

Miami-based Akerman Senterfitt has brought a three-attorney group into its West Palm Beach labor & employment practice.

David Spector and Christopher Duke are joining the firm as shareholders. Lorraine Rogers joins as of counsel.

Spector got his JD from the University of Miami School of Law; Duke and Rogers from the University of Florida College of Law.