Insiders Suggest Facebook to File for IPO as Early as This Week
By Karla Robinson
January 30, 2012
January 30, 2012
- Facebook could be filing for an initial public offering this week and is “close” to picking Morgan Stanley as the lead underwriter, although rival Goldman Sachs may still “play a significant role.”
- “At a valuation between $75 billion and $100 billion, Facebook is looking to raise as much as $10 billion, said people familiar with the matter,” reports the Wall Street Journal. “The final valuation will be determined by a variety of factors, people familiar with the matter cautioned, such as investor demand for social media, the IPO market and the health of the European economy.”
- In 2004, Google’s offering became the largest U.S. Internet IPO (and third in the world), which sold at $1.9 billion with the company valued at $23 billion.
- “A $10 billion Facebook offering would rank fourth among U.S. companies, behind Visa Inc., General Motors Co. and AT&T Wireless. At a $100 billion valuation, Facebook would be worth about the same as McDonald’s Corp. and nearly half of Google Inc.,” according to WSJ.
- The planned IPO is reportedly targeted for sometime between late spring and early summer 2012.
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