Will Facebook Finally Go Public In May?
Facebook is a well known and popular social networking site and probably the most popular on the internet at this time. It has changed a lot in the few years it has been around but it serves a vast number of users varying in ages, backgrounds, and even location since it is not only popular in the U.S. but around the world as well.
There has been some talk about Facebook filing for an IPO and here is some more information about that recent issue:
“With Facebook, it’s not a question of if it files for an IPO, its a matter of when. Whilst rumors have been circulating since the middle of last year, a new report from AllThingsD suggests the social networking giant is aiming to go public in the third week of May.
The technology publication cites multiple sources, suggesting that if the goal is to hit its target of a late May IPO, Facebook will submit its S-1 filing within the next month, taking into account that the “Securities and Exchange Commission usually takes about three to four months”.
In June 2011, we reported that Facebook was aiming to file an S-1 towards the end of the year, looking to IPO in 2012. CNBC noted that the social network would look at a valuation that exceeded $100 billion. At the time, Facebook had been trading on the secondary market with a valuation of around $85 billion, with some share prices pushing the $100 million price point.
Facebook’s COO Sheryl Sandberg stated a few weeks previous to the report that the company’s IPO was “inevitable” and said that it was “a process that all companies go through”.
Facebook is expected to hit 1 billion users by the Summer, increasing its reported $4 billion revenue in 2011 by a third in 2012. The company’s impending IPO is likely to spark the next crop of angel investors, becoming one of the biggest Web offerings ever.”
(Source: sitetrail.com)
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