Facebook to Raise $10 Billion for 2012 IPO; Company Value Could Double HP's
November 29, 2011 12:07 PM
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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.
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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.
"People Don't Respect Confidentiality in This Industry" -- Sony Computer Entertainment of America President and CEO Jack Tretton
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