Facebook is reportedly getting ready for an initial public offering in the second quarter of 2012 and looking to raise $10 billion, which would value it at more than $100 billion. The IPO papers are expected to be filed by the end of the year. The proposed valuation is double the value placed on Facebook when Goldman Sachs Group bought a chunk of the company in January for $1.5 billion. If the $10 billion target should be achieved, it would make Facebook’s IPO the largest in the tech industry.
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Facebook's $10B IPO Could Be a Crapshoot
Posted by: Rob Spiegel November 29, 2011 12:28 PMFacebook is reportedly getting ready for an initial public offering in the second quarter of 2012 and looking to raise $10 billion, which would value it at more than $100 billion. The IPO papers are expected to be filed by the end of the year. The proposed valuation is double the value placed on Facebook when Goldman Sachs Group bought a chunk of the company in January for $1.5 billion. If the $10 billion target should be achieved, it would make Facebook’s IPO the largest in the tech industry.