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"Facebook Plans To Go Public On May 17th 2012"

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Thursday, 19 April 2012

"Facebook Plans To Go Public On May 17th 2012"

It now looks like Facebook has finally penciled in a date for the company to go public. According to sources close to Facebook has now planned the date for its IPO as May 17th 2012. As long as Facebook can ready all the necessary paperwork for both its IPO and its recent purchase ofInstagram for a cool $1 billion, ealier this month.

Facebook is currently valued at around $100 billion suggest sources, and its thought that Facebook is looking to raise $10 billion or less on the $100 billion valuation.

The valuation and with 2.51 billion fully-diluted shares outstanding, would put the share price at around $40. One source close to the proceedings explained: “Investors want as high a price as possible so that the secondary market won’t look like a problem,”. As more information becomes available or is confirmed by Facebook we will keep you updated.

Source: Tech Crunch

Labels: Technology News, Top news