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Signs point to Facebook IPO in New Year

Mat Bettinson
Signs point to Facebook IPO in New Year

Social networking behemoth Facebook could be eyeing up the long awaited transition to a public company with an IPO that could amount to $10 billion.

On Monday the Wall Street Journal suggested that Facebook is looking to kick off the IPO between April and June of 2012. The deal could be based on Facebook having a market value of $100 billion.

Facebook has delayed the move to being a public company for much longer than is usually the case with at least some of that down to CEO Mark Zuckerberg's reluctance to transform into such a company.

However with the increase in private investors set to exceed 500, the US financial regulatory authorities will then require Facebook to issue public financial results anyway. Such a drawback is undesirable without the massive fundraising opportunity of an IPO.

PCR has more information on this story.

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Tags: ipo , date , public , facebook , when

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