Facebook is preparing to enter the stock market
Posted on: Jan 28, 2012 |
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The first step towards the highly anticipated Facebook IPO (initial public offering) might arrive as soon as next week, according to a new report. If this unconfirmed information becomes effective, it would result to one of the biggest IPOs in tech history.
In fact, timing for the IPO filing is still being discussed and may change. Facebook could raise as much as $10 billion when shares of its stock are sold to the public, and unidentified sources are telling the Wall Street Journal that the first step could come by next Wednesday. It is believed to be preparing an offer that values the company between $75 billion and $100 billion. Morgan Stanley will be underwriting the IPO, but they will do so with the assistance of Goldman Sachs. That will also allow the public to get analyze Facebook’s financial statements, a chance to see how effectively the social network is making money on its 800 million users. Facebook is believed to be comfortably profitable, unlike few other tech IPOs from last year, and is making Google worried with its ability to provide extremely targeted ads to clients. We are expecting the operation to be finalized by the end of the year. |
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