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Facebook kicks off investor roadshow

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Facebook kicks off investor roadshow

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Facebook founder and chief executive Mark Zuckerberg kicked-off the company’s investor roadshow on Monday as it tries to raise new funding.

The 27-year-old fielded questions from would-be backers at New York’s Sheraton Hotel.

The eight-year-old social networking site is expecting to raise as much as $11.8 billion (9.05 billion euros) when it goes public later this month.

It would be the biggest ever for an Internet company.

Facebook would then be valued at between $77 billion to $96 billion (59 to 73.6 billion euros).

The roadshow continues across US cities before a reported stock market listing on May 18.