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Facebook could see an IPO on May 17th, will open up at over $100 billion

Facebook to go public sometime in mid-to-late May, currently valued at around $100 billion

| Business, Financial & Legal News | Posted: Apr 20, 2012 3:37 am

Facebook and IPO, we've heard these two words so many times over the last year or more, and we're inching closer to that magical day. Facebook's recent acquisition of Instagram is sure to go a decent way to help them expand their value, and we could see them eyeing IPO on May 17. This is pends on whether the SEC agrees that all of the paperwork is in order.

 

TweakTown image news/2/3/23671_53_facebook_could_see_an_ipo_on_may_17th_will_open_up_at_over_100_billion.png

 

Earlier reports have pegged Facebook of hitting NASDAQ during the third week of May, with another source over at CNBC saying that Facebook could go public either on the 17th or 24th of May. Facebook is valued at around $100 billion, right now. Other reports are pointing toward the company wanting to raise $10 billion at a $100 billion valuation.

 

The only problem with this, is something that I would've said anyway, but TechCrunch points it out: a lot can happen in four weeks. TC cites that the European economy could crash, another oil crisis, etc - and whilst it may be tongue-in-cheek, anything can happen. We'll see how we go between now and then, but it looks like Facebook are going public, and it's not too far away now, folks.

NEWS SOURCE
Techcrunch.com

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