Facebook will likely make its initial public offering in May and could be valued as high as $100 billion, according to a recent report. The social networking giant boasts 800 million users worldwide and is expected to hit 1 billion in August, according to iCrossing projections. It’s reportedly expected to raise about $10 billion in the IPO. A May IPO would mean Facebook must file its paperwork this month to allow the proper time for an SEC review. It’s unknown which bank will finance the offering.
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Facebook to Tee Off IPO in May
Posted by: Rachelle Dragani January 17, 2012 10:12 AMFacebook will likely make its initial public offering in May and could be valued as high as $100 billion, according to a recent report. The social networking giant boasts 800 million users worldwide and is expected to hit 1 billion in August, according to iCrossing projections. It’s reportedly expected to raise about $10 billion in the IPO. A May IPO would mean Facebook must file its paperwork this month to allow the proper time for an SEC review. It’s unknown which bank will finance the offering.