Facebook will make its public trading debut on Nasdaq on May 17, according to a TechCrunch report citing multiple anonymous sources. The much-anticipated IPO reportedly will value the company at $100 billion. The date jibes with separate reports and rumors from other sources; for some time, it has been widely expected that one day in spring the social media giant would make its initial offering. Talk of the megabillion dollar valuation and the date of the IPO is well-trodden ground. What is perhaps of greater interest is the meaning of Facebook’s $1 billion acquisition of mobile photo app Instagram.
Loading ...
As Facebook IPO Draws Near, Instagram Buy Draws Scrutiny
Posted by: Erika Morphy April 20, 2012 05:00 AMFacebook will make its public trading debut on Nasdaq on May 17, according to a TechCrunch report citing multiple anonymous sources. The much-anticipated IPO reportedly will value the company at $100 billion. The date jibes with separate reports and rumors from other sources; for some time, it has been widely expected that one day in spring the social media giant would make its initial offering. Talk of the megabillion dollar valuation and the date of the IPO is well-trodden ground. What is perhaps of greater interest is the meaning of Facebook’s $1 billion acquisition of mobile photo app Instagram.