Facebook will make its long-anticipated move to go public between April and June 2012, according to a report from The Wall Street Journal on Monday.
The
report, which cites “people familiar with the matter,” says that
Facebook is considering raising $10 billion in an IPO that could value
it at more than $100 billion. This is consistent with a report in June
that used the same eye-popping number of zeros to describe Facebook’s
expected valuation.
If realized, the valuation would make Facebook’s IPO one of the
largest in history — more than four times as big as Google’s $23 billion
IPO in 2004, and likely one of the 10 largest IPOs of all time.
While
the first rumors of Facebook’s impending IPO predicted that the company
would go public during the first quarter of 2012, recent reports had
suggested that the offering had been pushed back to “September or
later.”
The Wall Street Journal‘s sources cautioned that Facebook has
not made any final decisions in its internal discussions about the
timing of its filing — and that market conditions will ultimately
determine how much money the company seeks and the value of the company.
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