Offering Next Year Could Raise $10 Billion, Valuing Company at $100 Billion
Facebook Inc. is inching closer to an initial public offering that it hopes will value the company at more than $100 billion, according to the Wall St Journal and people familiar with the matter.
The social networking firm is now targeting a time frame of April to June 2012 for an initial public offering, said people familiar with the matter. The company is exploring raising $10 billion in its IPO—what would be one of the largest offerings ever—in a deal that might assign Facebook a $100 billion valuation, a number greater than twice that of such stalwarts as Hewlett-Packard Co. and 3M Co….
Read more at http://online.wsj.com/article/SB10001424052970203935604577066773790883672.html?mod=WSJ_hp_LEFTTopStories
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