Social networking giant Facebook is planning an IPO valuing the company at over $US100 billion, according to a new report from CNBC.
The report claims the company may be ready to file by next April, noting it may come up against an SEC obligation that requires companies with over 500 investors to report their financial details.
Sources have also informed CNBC that the float would take place in the first few months of 2012.
This comes after Facebook chief operating officer Sheryl Sandberg said a Facebook IPO would be “inevitable”, and that the company is viewing this as “the next thing that happens” in its corporate history.
ABOUT THE AUTHOR
Patrick Stafford is a freelance journalist and a former deputy editor of SmartCompany.
COMMENTS
SmartCompany is committed to hosting lively discussions. Help us keep the conversation useful, interesting and welcoming. We aim to publish comments quickly in the interest of promoting robust conversation, but we’re a small team and we deploy filters to protect against legal risk. Occasionally your comment may be held up while it is being reviewed, but we’re working as fast as we can to keep the conversation rolling.
The SmartCompany comment section is members-only content. Please subscribe to leave a comment.
The SmartCompany comment section is members-only content. Please login to leave a comment.