WSJ report claims Facebook to file for IPO next weekInternet News By Chris Smith 8 hours ago | Tell us what you think [ 0 comments ]
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How would Mark Zuckerberg cope with answering to shareholders? Facebook's long-awaited debut on the stock market could be underway as early as next week, as the company prepares to file IPO papers, according to the Wall Street Journal.
The Initial Public Offering, which is unlikely to take place until the autumn, will value the social network at anywhere between $75bn and $100bn, says the report.
The company hopes to raise $10 billion in cash from the offering and could file papers underwritten by Morgan Stanley as early as Wednesday.
If Facebook gained a $100 billion valuation through the offering, it would see the company draw level with McDonald's in terms of market worth, put it about halfway to overhauling Google.
In the worksA Facebook floatation would see the culmination of a long-awaited to journey towards the stock market.
If Facebook were to become a publicly traded entity, interested observers would glean more insight into the company's income, earnings, performance and strategy in quarterly earnings reports.
It would also mean, for the first time, maverick CEO Mark Zuckerberg would have to answer to shareholders. Interesting times lie ahead, it seems.
Via: WSJ Tags: Facebook, IPO, Stock market, Zuckerberg, Social networkTweetreddit!Stumbleupon Tell us what you thinkYou need to Log in or register to post comments By submitting this form you agree to our Terms of Use and so are legally responsible for anything you submit. DO NOT submit anything which may violate the Terms of Use or another person's rights including copyrighted or offensive materials.
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