According to the The Wall Street Journal, the Facebook IPO is getting closer. The latest estimate places the company going public between April and June of 2012. Not much news there! What is interesting is that the $100 billion valuation is being tossed around again when it goes public by raising $10 billion. This would be one of the largest offerings ever and would be a number greater than 2 times HP and 3M. Read more: http://online.wsj.com/article/SB10001424052970203935604577066773790883672.html#ixzz1f7jD3LgT
Sources familiar with the situation said the company has not made any decision overs which banks will be involved in the Facebook IPO. Facebook’s Chief Financial Officer David Ebersman is in talks with multiple Silicon Valley bankers about the offering. However, founder and Chief Execute Officer Mark Zuckerberg has not decided on any terms of the IPO.
For a little perspective – at the time of their IPOs the following companies and their market cap:
- Goolge was $23 billion
- Netscape was $2.9 billion
What do you think, is Facebook worth $100 billion?