On IPO day, Facebook CEO Mark Zuckerberg will be staying local and the social network will ring the opening bell remotely at its 1601 Willow Road, Menlo Park campus, VentureBeat has confirmed with a source familiar with Facebook’s plans.
“News Alert: Facebook to ring opening bell remotely from Menlo Park HQ – Zuckerberg will stay at Menlo Park headquarters $FB,” CNBC tweeted Monday.
VentureBeat has independently confirmed that the details of the tweet are accurate and that Facebook is still determining how much of an executive presence it will have at the NASDAQ in New York.
The remote bell-ringing decision is not unique in the consumer Internet space. Social gaming company Zynga, which went public on the NASDAQ in December, rang the bell remotely from its San Francisco headquarters and celebrated opening day with an elaborate exchange-style setup.
Facebook is anticipated to make its debut this Friday, May 18. The social network is currently finishing up the last leg of its investor roadshow, which started last week in New York with a mini kerfuffle over Zuckerberg’s hoodie and demeanor.
The company also recently amended its prospectus to warn investors that mobile is a bigger risk than first anticipated. Recent comScore data also suggests that, because U.S. Facebook users are now accessing the social network more from mobile devices than computers, mobile users are becoming a problem of financial significance for the company.
Still, according to some reports, the offering is already oversubscribed and the social network will stop accepting orders tomorrow.