AfterDawn: Tech news

Facebook planning IPO at $100 billion valuation

Written by Andre Yoskowitz (Google+) @ 13 Jun 2011 14:44 User comments (1)

Facebook planning IPO at $100 billion valuation CNBC has said today that the social networking giant Facebook will file for an IPO as early as October, with a $100 billion valuation.
The company would then go public in the Q1 2012, possibly even in January.

Facebook has not confirmed the news, yet, but their COO did call an IPO "inevitable" just last week.

Perennial money losers Groupon and LinkedIn have filed for IPOs in the last month with massive valuations and gaming behemoth Zynga is expected to go public later this year, as well.

Facebook has 600 million global users.

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1 user comment

115.6.2011 15:56

I know what stock I plan on buying...

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