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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 theWall Street Journal suggestedthat 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.
