Facebook to Raise $10 Billion for 2012 IPO; Company Value Could Double HP's
November 29, 2011 12:07 PM
comment(s) - last by
Facebook CEO Mark Zuckerberg
Facebook hopes to be valued at $100 billion
While many details are still up in the air, it has been revealed that social networking giant Facebook is anticipating a 2012 initial public offering.
Facebook, which has achieved 800 million users in its mere seven years of existence, is considering raising $10 billion in hopes of the company being valued at $100 billion, according to
Sources close to the talks told
The Wall Street Journal
that Facebook has drafted an internal prospectus and that a S-1 filing could come before the end of 2011.
Also, Facebook's Chief Financial Officer David Ebersman has discussed the IPO with Silicon Valley bankers. However, Facebook CEO Mark Zuckerberg has not decided on any bankers to manage the IPO. Zuckerberg also hasn't made any final decisions on terms.
Many previously thought Facebook would go public in 2011, but a shaky economy and a
battle with the U.S. government
over privacy-related issues has
pushed the IPO until 2012
The IPO looks to be a good move for Facebook, as it would allow the social beast to make more acquisitions, work on new projects, and attract more engineers.
In the first six months of 2011, Facebook reported $1.6 billion in company revenue. With a potential company value of $100 billion, Facebook would double the valuation of Hewlett-Packard.
This article is over a month old, voting and posting comments is disabled
RE: ~3.2 billion annualized Revenue...
its tom hanks
its tom hanks
11/29/2011 2:08:44 PM
i believe you mean
bidder. raising $10 billion without selling any actual products isnt for the passive sellers
"The whole principle [of censorship] is wrong. It's like demanding that grown men live on skim milk because the baby can't have steak." -- Robert Heinlein
Facebook, U.S. Government Close to a Privacy Settlement
November 11, 2011, 10:40 AM
Facebook Delays IPO Until Latter Half of 2012
September 14, 2011, 11:55 PM
Quick Note: European Central Bank Hacked, Personal Information Stolen
July 24, 2014, 5:20 PM
EU Privacy Watchdogs Meet with Google Over "Right to be Forgotten" Requests
July 24, 2014, 12:29 PM
Report: New UK Broadband Users Give Porn Filters the Shaft
July 23, 2014, 11:49 AM
Comcast Memo: Harassing Customers During Retention Calls Actually IS Our Policy
July 22, 2014, 5:19 PM
Aereo Now Claims It's a Cable Company, Reveals it Has Very Few Customers
July 22, 2014, 4:20 PM
Edward Snowden Presents Tech to Stop Government Spying
July 21, 2014, 12:00 PM
Most Popular Articles
Microsoft Kills Entertainment Unit, May Shelve Flagship Lumia "McLaren"
July 18, 2014, 7:40 PM
JJ Abrams Unveils X-Wing Starfighter for New "Star Wars" Movie
July 21, 2014, 12:24 PM
Boeing 777 Malaysian Airlines Flight 17 Crashes in Ukraine
July 17, 2014, 1:00 PM
Ford Details ’15 F-150’s 325hp, 2.7L EcoBoost V6; Demonstrates 732-lb Weight Loss
July 22, 2014, 6:55 PM
Toyota Scientist: Autonomous Vehicles May Lead to Increased Fuel Consumption, Pollution
July 18, 2014, 2:42 PM
Latest Blog Posts
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
Facebook Aims to Provide Internet to "Every Person in the World" with Drones, Satellites
Apr 1, 2014, 10:20 AM
Retail Mobile Sites Experience Outages in Light of Simplexity's Bankruptcy
Mar 14, 2014, 8:48 AM
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
Justice Leaks Details of Next HTC One Two Flagship Phone
Dec 5, 2013, 4:04 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information