Facebook may finally be ready to go public.
Facebook is planning to file IPO registration papers next Wednesday, according to the The Wall Street Journal. Few additional details so far, except that Morgan Stanley (MS) is expected to be lead underwriter with Goldman Sachs (GS) "also likely to play a major role.
[Update: WSJ is now hedging a bit on that specific date, saying that "timing is still being discussed."]
The social network would be looking to raise around $10 billion at a valuation of between $75 billion and $100 billion. That would make Facebook the largest tech IPO of all time, so long as you exclude telecom companies like AT&T Wireless ($10.62 billion in 2000). There also were a pair of foreign telecom companies -- Germany's Deutsche Telekom and Australia's Telstra -- that priced larger IPOs in the U.S.
Overall, a $10 billion offering would be the seventh-largest IPO ever to price on a U.S. exchange, and the largest since General Motors (GM) raised over $18 billion in November 2010.
Source: Fortune
Is it okay to invest in Facebook IPOs?
Here's how facebook earns money its main source; advertising, and its earning trend
Facebook is planning to file IPO registration papers next Wednesday, according to the The Wall Street Journal. Few additional details so far, except that Morgan Stanley (MS) is expected to be lead underwriter with Goldman Sachs (GS) "also likely to play a major role.
[Update: WSJ is now hedging a bit on that specific date, saying that "timing is still being discussed."]
The social network would be looking to raise around $10 billion at a valuation of between $75 billion and $100 billion. That would make Facebook the largest tech IPO of all time, so long as you exclude telecom companies like AT&T Wireless ($10.62 billion in 2000). There also were a pair of foreign telecom companies -- Germany's Deutsche Telekom and Australia's Telstra -- that priced larger IPOs in the U.S.
Overall, a $10 billion offering would be the seventh-largest IPO ever to price on a U.S. exchange, and the largest since General Motors (GM) raised over $18 billion in November 2010.
Source: Fortune
Is it okay to invest in Facebook IPOs?
Here's how facebook earns money its main source; advertising, and its earning trend
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