JOHN MADIBA
JF-Expert Member
- Jan 30, 2011
- 251
- 155
San Francisco. Social networking giant Facebook will likely go public in the first quarter of 2012 with a valuation that could top $100 billion.
In a report, the CNBC quoted experts as saying that Facebook could submit filing to register its securities with the U.S. Securities and Exchange Commission (SEC) as early as this October or November.
People on Wall Street who track this information told the business news television channel that they think Facebooks initial public offering (IPO), if and when it happens, could value the company of over 100 billion dollars.
Facebook is also facing internal pressure as employees have not been permitted to sell their private shares on the secondary market since last spring. An IPO would make it easier for employees to monetize their shares, said Kelly, citing sources. (Xinhua)
In a report, the CNBC quoted experts as saying that Facebook could submit filing to register its securities with the U.S. Securities and Exchange Commission (SEC) as early as this October or November.
People on Wall Street who track this information told the business news television channel that they think Facebooks initial public offering (IPO), if and when it happens, could value the company of over 100 billion dollars.
Facebook is also facing internal pressure as employees have not been permitted to sell their private shares on the secondary market since last spring. An IPO would make it easier for employees to monetize their shares, said Kelly, citing sources. (Xinhua)
