28 Jan 2012

Facebook May Register For IPO As Early As Wednesday

Posted by Jackie Cohen at AllFacebook:
Facebook may submit paperwork as early as Wednesday to register for an IPO (initial public offering) that could be the largest of all time and make the social network one of the world’s most valuable companies.
The rumor first appeared in The Wall Street Journal, which said that Morgan Stanley might lead the underwriting, and that Goldman Sachs might play a major role.
The Journal puts the IPO valuation in the range of $75 billion to $100 billion, the lower end of which was the outcome of the last SharesPost auction, which closed at $34 per share one week ago.
Assuming the number of outstanding shares remains at 2.35 billion, Facebook’s current value is $79.9 billion.

Read The Full Artcle Here

Filled Under:


Post a Comment