Facebook is Going to File for an IPO Next Week!

Posted by Knowlton Thomas on 2012-01-27 11:01:00 AM

The world's largest social network, Facebook, is going to file for an Initial Public Offering this coming Wednesday, according to a report from the Wall Street Journal. Citing unnamed sources, the reputable WSJ says a $10 billion share offering would place Facebook's valuation at $100 billion.

According to Mashable, Facebook's IPO—if at $10 billion—would be the 15th largest in history among all companies in the world and the 5th largest among the world's technology companies. In North America, only AT&T Wireless' $10.6-billion IPO in 2000 outdoes Mark Zuckerberg's pending market debut.

This appears in line with previous reports. Last year, major IPOs in the tech space included daily deals giant Groupon, professional social network LinkedIn, and game development firm Zynga.

Company:
Facebook
Website:
http://www.facebook.com
Location:
Toronto, Ontario, Canada

Facebook's mission is to give people the power to share and make the world more open and connected. Millions of people use Facebook everyday to keep up with friends, upload an unlimited number of photos, share links and videos, and learn more about the people they meet. more

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Knowlton Thomas

Knowlton Thomas

Knowlton is the Associate Editor of Techvibes. A Vancouver-based writer and author, Knowlton has been published in national publications and has also appeared on television and radio. He has written two ebooks and more are in the works. Previously, he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing... more

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