Mark Zuckerberg is starting to come to terms with the fact that as the head of a humongous public company he’ll have to have a little more stage presence. In an effort to promote Facebook’s vaulting into its initial public offering, the young billionaire is going on a roadshow across the country, though by his appearance you wouldn’t believe he’s there to talk about a $10 billion entry into the stock market. His presence can be described with one word: casual.
A 27-year-old Zuckerberg graced the New York Sheraton Hotel with his hoodie, jeans, and sneakers as he addressed a closed-off room of investors. According to accounts of people who were there, one of the striking comments he made was that if he had it to do over again, he would still have closed the billion-dollar buyout of Instagram. That move has come under fire, with analysts saying Facebook should have been able to scoop up the company for much less, but Zuckerberg says he has no regrets.
He also reportedly said that the IPO range for Facebook stock would likely be around $28 – $35 per share. The social networking site is only expected to soar in profitability after it goes public, so investors are incredibly eager to get in on the deal, despite the admittedly high initial share price. After the IPO, Zuckerberg will still control around 57% of Facebook. That’s a pretty nice chunk.