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CARL AZUZ, HOST, CNN STUDENT NEWS: Hello and welcome to your midweek edition of CNN Student News. Today we`re going to take stock股份of a social network going public, and here`s some advice for college graduates. But we start with a new political era时代in France.
Francois Hollande is the new leader of that country, and he`s the first French president since 1995 who`s a member of the socialist社会主义的political party.
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AZUZ (voice-over): Here you see Hollande on the right with outgoing President Nicolas Sarkozy. The new president was sworn宣誓in at his inauguration就职典礼on Tuesday. During a speech that afternoon, he said, quote引用, "The challenge of this term is recovery复苏. France will rise again and build on the strength and the energy活力of its creators, of its engineers, its researchers.
After he was sworn in as president, Hollande immediately headed to Germany to meet with that country`s leader, Chancellor Angela Merkel. Of all the countries that use the euro欧洲货币as their currency流通货币, Germany and France have the largest economies. So they have a lot of influence on the European economy, which has been struggling奋斗的.
The American president spent part of yesterday paying tribute颂词to U.S. law
enforcement执行officers. President Obama took part in the National Peace Officers` Memorial 纪念物service. The tradition started 30 years ago. It honors the men and women who lost their lives in the line of duty in the last year, and it`s part of National Police Week.
That includes events like this candlelight黄昏vigil警戒from Sunday. According to a report that was released发表by the FBI on Monday, 72 law enforcement执行officers were killed in 2011. That`s an increase from the previous早先的year. And FBI director Robert Mueller said, quote, "Each of these losses is devastating毁坏and each one reminds us that the safety and the freedom we enjoy come only at great cost."
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UNIDENTIFIED FEMALE: See if you can ID me. I`m an entrepreneur企业家who was
portrayed扮演in an Oscar-winning movie. I went to college at Harvard, but I didn`t graduate. I`ve been listed as one of the world`s youngest self- made billionaires and many of you use my social network every day.
I`m Mark Zuckerberg, the cofounder奠基者and CEO of Facebook.
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AZUZ: Zuckerberg and some of his friends launched发行Facebook in 2004. It started in his dorm 宿舍room in Harvard. Now more than 900 million people are on the social networking site.
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AZUZ (voice-over): By the end of this week, you could have a chance to own a piece of the company. Right now Facebook is a private business. But this Friday, it`s expected to go public. That means Facebook will start selling shares股份of stock.
Mark Zuckerberg and some other company executives经理主管人员have been traveling around the country the past few weeks. They`re trying to figure out how much demand there is for Facebook stock. That`s how they`ll set the price for the company`s IPO(initial首次public offering)公开上市. Ali Velshi explains what that is and why this matters.
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ALI VELSHI, CNN HOST: The IPO, initial public offering, it`s the first time that a privately held company offers its shares to the public. Now there are a few reasons why they do this. One, they pay off early stage investors. Two, it`s prestigious声望很高. But, three, they raise much needed money to expand扩张the business.
Tom Adams was the CEO of Rosetta Stone, a language learning software company which went public on April 16th, 2009.
TOM ADAMS, CHAIRMAN, ROSETTA STONE: The actual IPO day is a fantastic moment for the company because effectively you`ve had to do a lot of work to be ready to go public. It`s a source 来源of enormous巨大的pride for everybody.
VELSHI: But before a company can do its IPO, it has to set a price range范围for the stock and then go on a road show.
ADAMS: You basically get to feel like a rock star for about two weeks. The bankers will put you on a private plane and fly you around and it`s because there`s such urgency紧急to get to as many meetings as you possibly can.
So you sort of go in to tell your story and I think you have to just tell it like it is and very much explain the good and the bad of the company, because these are long-term relationships that your company`s going to sort of have with an investor base. And so you want to hit the right balance.
VELSHI: The ideal理想process is too complicated for a company to undertake担任itself, so they hire租用investment bankers to underwrite签名于下it.
ADAMS: So you have essentially实质上all the different banks that you`ve considered come to present to you and you evaluate评估their assessment估价of the company and how they would present it and sell it.