Facebook Ups IPO Range, Social Network Now Valued at More Than $100 Billion

Posted by Techvibes NewsDesk

At Facebook's original $28 to $35 per share, the social networking giant was pegged at a valuation of roughly $94 billion, just under earlier predictions of the $100 billion mark. But due to "strong demand," Mark Zuckerberg's company has just upped the IPO range to a high of $38, which hikes the valuation of Facebook to a mind-boggling $104 billion.

Facebook generated a little over $1 billion in its most recent quarter, suggesting 2012 revenue of about $5 billion. That means the company's valuation will be approximately 50 times its annual revenue, which suggests anyone willing to pay $38 per share currently anticipates extreme growth in the coming years. Perhaps that IPO roadshow video was more convincing than we thought.

Once the company debuts on the public stock markt, it will have sold a stake of up to 12.3% through more than 330 million shares, raising roughly $12 billion in capital. And Zuck, who just turned 28, will be one of the wealthiest humans in the world thanks to his atypically high stake in Facebook.

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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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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