AfterDawn: Tech news

Facebook aiming for mid-May IPO

Written by Andre Yoskowitz (Google+) @ 19 Apr 2012 23:59 User comments (2)

Facebook aiming for mid-May IPO Multiple sources are claiming today that Facebook is aiming for a May 17th IPO.
The date should be accessible as long as the SEC signs off on all the papers, including anything related to the new $1 billion purchase of Instagram.

Facebook is expected to be valued at $100 billion, making it instantly one of the most valuable companies in the world, especially in the technology world. The company wants to raise $10 billion from investors but will likely raise less.

Says a source with TC: "Investors want as high a price as possible so that the secondary market won't look like a problem." The social networking site will have 2.51 billion fully-diluted shares outstanding after IPO.

Facebook has 800 million users worldwide.

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2 user comments

120.4.2012 11:58

I can see this going really badly, what if the social networking bubble bursts?

220.4.2012 13:49

I can't see it bursting due to the fact that it is all predicated on human emotion which will never die. The other fads, such as the dotcom boom were based on business model only so to speak. Tv reality and social networking is based on the one thing that will never go away, various erratic mindsets.

This is superman

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