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...
11/30/2011 2:45:03 AM
Better pray social security doesn't go away. That and filling your coffee can with cash seems safer than a 401K. The financial sector is getting as bad as lawyers. They just scheme up ideas to dope you out of your money. Early 90's internet stock inflated, housing market inflated, this is there next inflation. They need a scheme to get rich off trading your money. You may win, but they win either way.
What does facebook produce. Information, the same info. can already be purchased from other sources. Google, grocery stores, ect. How can something which can so easily be replace so fast be worth so much. AOL, My Space, how much has Google made off youtube? Netflix. I can hear Nero fiddling now.
"What would I do? I'd shut it down and give the money back to the shareholders." -- Michael Dell, after being asked what to do with Apple Computer in 1997
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: Amazon UK Offers £10 Back on Any Order £50 or Over
August 3, 2015, 12:05 PM
Editorial: Reddit Allows Itself to be Hijacked as a Hate Platform For Racist Bigots
July 21, 2015, 6:32 PM
Mozilla and Facebook to Adobe: It's Time to Kill Flash
July 20, 2015, 6:30 PM
Instagram Bans "Curvy" From Hashtag Searches, Provokes "Plus Sized" Outrage
July 16, 2015, 1:20 PM
Mozilla Promise Punctual Windows 10 Firefox Release, Teases at iOS Arrival
July 7, 2015, 3:08 PM
Netflix Announces 7-to-1 Stock Split, Eyes Explosive Overseas Growth
June 23, 2015, 8:18 PM
Most Popular Articles
Exclusive: If Intel and Micron's "Xpoint" is 3D Phase Change Memory, Boy Did They Patent It
July 29, 2015, 10:52 PM
Windows 10 to Get New Features in October Service Release 2 (SR2)
July 30, 2015, 5:50 PM
Cortana Help Button is Coming Soon for $23
July 30, 2015, 5:07 PM
Quick Note: Apple Watch to Get Brick and Mortar Boost From Best Buy
July 27, 2015, 3:00 PM
EA Set to Milk the Star Wars Cash Cow w/ Video Games
July 31, 2015, 12:36 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2015 DailyTech LLC. -
Terms, Conditions & Privacy Information