Report: Facebook Planning Spring IPO
Hopes To Raise $10 Billion; Valued At $100 Billion
November 28, 2011 at 3:42 PM (PT)
FACEBOOK is now in internal discussions with the SECURITIES AND EXCHANGE COMMISSION over when to hold an initial public offering of its stock. Sources tell THE WALL STREET JOURNAL that the likely dates for an IPO could be sometime between APRIL 2012 and JUNE 2012
FACEBOOK CFO DAVID EBERSMAN has been leading the company's talks with SILICON VALLEY bankers about an IPO; it hopes to raise $10 billion in an IPO that could value FACEBOOK at more than $100 billion. The ultimate value of FACEBOOK and how much money it seeks in an IPO will primarily be determined by the market and the European economy.
Sources note that FACEBOOK has crafted an internal prospectus and is ready to go public at any time. However, on top of finalizing a filing date with the SEC, FACEBOOK CEO MARK ZUCKERBERG has yet to fully sign off on an IPO.