Facebook Going Public In Q2 2012
Facebook is planning an initial public offering (IPO) of $10 billion between April and June next year which would value the social network at a huge $100bn.
This is according to sources “familiar with the matter” who have spoken to the Wall Street Journal. Should the IPO go ahead for a figure of $10bn, it will be the largest ever for an internet-based company and make it only the fourth US company ever to float for $10bn or more.
A Facebook IPO has been rumoured for a long time. A floatation usually happens around the time companies break the $100 million revenue barrier, however Facebook is now set to debut with more than $4bn of revenue. A spokesperson for Facebook said: "We're not going to participate in speculation about an IPO.”
Back in May, LinkedIn floated on the stock exchange with its stock more than doubling from the initial share price on the first day of trading, giving the company a value of around $9bn. The stock has since fallen by 36 per cent。。。。
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