Printed from http://www.electronista.com

Facebook reportedly aiming at May for IPO

updated 05:20 pm EDT, Wed March 28, 2012

$10B could be richest IPO for Internet company

Facebook may be closing in on a date its long anticipated initial public offering. The Wall Street Journal claimed Wednesday through a source that the company may be targeting May for its public launch. Facebook made its preliminary filings for the IPO back in February.

Initially, Facebook indicated it would be trying to raise $5 billion dollars. However, by the time the company begins trading, that could double, making it the largest-ever US Internet-related IPO. Google by contrast, raised $1.7 billion when it went public in 2004. Overall, this represents the fifth largest initial offering in US history. It would give the company a valuation of $100 billion.

Last year, Facebook had revenues of $3.7 billion and netted $1 billion in profits. It is closing in on 850 million users worldwide.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Kenu Airframe Plus

Simple, stylish and effective, the Kenu Airframe + portable car mount is the latest addition to Kenu's lineup. Released earlier this y ...

Plantronics Rig Surround 7.1 headset

Trying to capture the true soundscape of video games can be a daunting task. Looking to surround-sound home theater options, users hav ...

Adesso Compagno X Bluetooth keyboard

The shift from typing on physical keyboards to digital versions on smartphones and tablets hasn't been an easy for many consumers. Fro ...

Sponsor

toggle

Most Commented

 
toggle

Popular News