Check out this interesting article in the Financial Times by John Gapper:
According to Gapper, who has read the prospectus, Facebook is flush with cash. It is, he says, “a veritable cash machine.”
Gapper says Zuckerberg should call the whole thing off:
“Its sole tangible purpose for the IPO proceeds is to meet a tax obligation that will be triggered by going public.”
Read the full article here.