Techtechnology facebook newsVideo

Facebook's Rumored $100 Billion IPO May Be Announced Between April, June 2012

Facebook Said To Ready Biggest Announcement Ever
|
Open Image Modal


(Reuters) - Facebook Inc is looking to go public between April and June 2012 with a valuation of over $100 billion, the Wall Street Journal reported, citing people familiar with the matter.

The social media giant is considering raising as much as $10 billion in its IPO, the report said.

Sources familiar with the matter said the company has not made any decision over which banks will be involved in the IPO.

Facebook's CFO David Ebersman is in talks with Silicon Valley bankers about an IPO, but founder CEO Mark Zuckerberg has not decided on any terms of the IPO, the Journal said.

(Reporting by Vidya L Nathan in Bangalore; editing by Andre Grenon)
Copyright 2011 Thomson Reuters. Click for Restrictions

Our 2024 Coverage Needs You

As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.

Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.

to keep our news free for all.

Support HuffPost
Suggest a correction
|
Submit a tip