Facebook to become publicly-listed company
January 30th, 2012 - 7:40 pm ICT by IANS
London, Jan 30 (IANS) Social network Facebook will soon become a publicly-listed company, valued at $75-100 billion, Sky News reported Monday.
According to the Financial Times and The Wall Street Journal, Facebook plans to file papers with the US financial watchdog Wednesday.
The flotation later this year would raise around $10 billion, making it one of the biggest share sales ever on Wall Street.
Rumours of Facebook’s initial public offering (IPO) have been circulating for months.
“Facebook a brilliant achievement, but $75-$100bn? Would make Apple look really cheap,” wrote Rupert Murdoch on Twitter.
The company was started by Mark Zuckerberg and fellow students at Harvard University in 2004. It has over 800 million users and makes most of its money through advertising.
- Facebook to be valued at over $100 bn in 2012 - Nov 29, 2011
- Facebook CEO upgrades relationship status - Married (Lead) - May 20, 2012
- Facebook discussing filing IPO in 2012 - Nov 30, 2011
- Facebook files for $5 bn IPO - Feb 02, 2012
- Facebook plans to go public to raise $87bn - May 04, 2012
- Facebook 'to be worth $100b by next spring' - May 03, 2011
- Facebook set to raise $16 bn with largest tech IPO - May 18, 2012
- Facebook is now a $33 billion entity - Aug 26, 2010
- Facebook CEO marries longtime girlfriend - May 20, 2012
- Russian social network delays IPO after Facebook crash - May 30, 2012
- Facebook's IPO will give birth to many millionaires - Dec 09, 2011
- Facebook to go public next year - Jan 07, 2011
- US stocks mixed amid Greek debt talks (Lead) - Jan 28, 2012
- LinkedIn sinks, Silicon Valley fears doom - Aug 09, 2011
- Facebook CEO Zooms Past Steve Jobs - Sep 24, 2010
Tags: apple, brilliant achievement, facebook, fellow students, financial times, financial watchdog, harvard university, initial public offering, initial public offering ipo, london jan, mark zuckerberg, money, rumours, rupert murdoch, share sales, sky news, twitter, wall street, wall street journal