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Facebook’s $100 bn floatation Tuesday, 29th November 2011
Facebook’s long awaited initial public offering could reach USD 10 billion, valuing company at USD 100 billion.
According to sources cited by the Wall Street Journal, the company is preparing for a public stock offering in spring 2012, with the aim of reaching a USD 100 billion valuation for the world’s largest social network.
David Ebersman, Facebook’s chief financial officer, had discussed a public float with Silicon Valley bankers, but founder and chief executive Mark Zuckerberg had not confirmed any terms, and his plans could still change, sources went on to add.
Facebook, which now holds more than 800 million members worldwide after seven years of seemingly unstoppable growth, has not yet selected bankers to manage what would be one of the biggest IPOs of 2012. However, the company had drafted an internal prospectus ready at any moment to go for floatation.