Facebook Eyes Record Setting IPO
Facebook is planning an initial public offering, likely to take place between April and June 2012, reports today’s Wall Street Journal. The IPO could value the social media giant at more than $100 billion, and would raise about $10 billion for the business.
According to WSJ, only three US companies have had a $10 billion or more IPO: Visa/$19.7 billion/2008; GM/$18.1 billion/2010; and AT&T Wireless/$10.6 billion/2000.
Facebook continues to grow at a monstrous pace, currently claiming 800 million users. The outfit’s worldwide ad revenue is expected to hit $3.8 billion this year, up from $1.86 billion a year earlier, according to data compiled by eMarketer.
Sarah Skates has been a writer and editor in the music business since 2004. She is a longtime contributor to MusicRow.
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