Facebook ‘preparing for $100bn flotation’
Facebook is preparing to make an initial public offering by October or November this year, valuing the company at around $100bn (£61bn), according to reports in the US.
Goldman Sachs is understood to be the frontrunner to lead the listing, which could be completed in the first quarter of 2011, CNBC reported.
The US social networking giant declined to comment on the IPO. However, chief operating officer Sheryl Sandberg said last month that an IPO was “inevitable”. She added although Facebook would “enjoy” being a private company for as long as it could, a flotation would not stifle its ability to innovate.
The $100bn valuation would reflect a phenomenal pace of growth at Facebook. Goldman invested $450m (£275m) in the company at the start of this year, in a deal which valued it at $50bn.. Read More [via telegraph]
Comments are closed.