Facebook getting ready for $100 billion IPO
Posted on Tuesday, June 14th, 2011 at 12:20 pm
Facebook is reportedly all set to offer an IPO for $100 billion by the year 2012. This would be the largest IPO in history. This amount is almost four times that of Google’s $23 billion IPO in 2004.
CNBC has reported that Facebook would go public in the first quarter of 2012. Facebook is expected to give an entire report of its financial standing by May 2012, irrespective of whether it is a public or private company.
This huge valuation hasn’t come as a surprise due to the large consumer and investor appeal. The underwriting will be done by Goldman Sachs owing to their $450 million investment in the social networking site.
Many feel that Facebook and Goldman Sachs must hurry as otherwise the site would be dead by the time they start going public.