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: Occupy THAT!!
12/2/2011 7:57:22 AM
I see you're still taking your rage out on 2008. What I'm asking you though is whether or not you believe Occupiers in 2011 (almost 2012) should be taking advantage of the technology they're telling everyone else to give up (ATMs, Accounts with big banks, etc...)? And should they support social networks like "Facebook" when facebook's only real intent is making MORE money at your expense? Without logins and activity, Facebook is just as susceptible as MySpace. I've read the Occupiers Rules to take down Wall Street. Their laughable... so much so, they're not even following them.
Now you can either stick with subject or go on about GS. While your at it, I think you ought to throw Fannie/Freddie in your arguments too. I mean, that is Barny's pet project that also walked out unscathed and was virtually protected simply based on his own lies. And you know what... he got re-elected again, despite all that. Sometimes, the general public deserve what they get.
RE: Occupy THAT!!
12/2/2011 10:10:37 AM
I honestly don't care what the Occupiers use or do. In fact, I don't follow them at all, either. I'm glad they're there, doing something but to any more than that I'm not paying any attention... at least, until they become better organized.
Barney is gone after this term, finally. We're rid of him. He's the buffoon that stonewalled Bush when he wanted to audit/crack down on them.
"So if you want to save the planet, feel free to drive your Hummer. Just avoid the drive thru line at McDonalds." -- Michael Asher
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
Twitter Senior VP: "Diversity is Important, But We Can’t Lower the Bar"
November 9, 2015, 9:59 AM
CNN Resorts to Internet Censorship to Promote Clinton Over Senator Sanders
October 15, 2015, 2:47 PM
Breaking Bad: How to Crash Google's Chrome Browser With Just 8 Characters
September 23, 2015, 11:08 AM
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
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 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information