Facebook to IPO in the Spring

The WSJ is reporting that Facebook is now aiming for an initial public offering next spring. Of course, investors have been expecting an IPO for some time but now it finally seems to be coming. The offering could value the company at more than $100 billion.

The market’s appetite for IPOs is a bit questionable. Groupon ($GRPN) has done poorly and LinkedIn ($LNKD) has fallen off after an initial surge.

Until now, Facebook’s financial numbers have been shrouded in secrecy. The company now has over 500 shareholders so by April, it would have to file with the SEC if it were public or not. I’m sure that played a role in the timing of the IPO.

Earlier this year, Facebook got a bunch of money from some investors including Goldman Sachs ($GS). Going by those numbers, the deal valued Facebook at $50 billion.

Posted by on November 28th, 2011 at 10:47 pm


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