Palo Alto, Calif. – Following months of speculation, Facebook appears to be on the cusp of filing for one of the most highly anticipated initial public offerings in history.
Citing people familiar with the matter, the Wall Street Journal reported on Tuesday that the social networking giant is looking to raise as much as $10 billion in its IPO, with pricing expected to take place between April-June.
The paper said the company is seeking a valuation of more than $100 billion, and is considering filing its intentions with the Securities and Exchange Commission (SEC) before the end of this year.
David Ebersman, Facebook’s chief financial officer, reportedly has been leading the company’s discussions with Silicon Valley bankers.
This article was also published in Potomac Tech Wire.
Related links:
Wall Street Journal – http://tinyurl.com/87b46jp
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Correction, Facebook is seeking a valuation of $100 billion not million.
That’s one heck of a typo, but at least we got it right in the headline 🙂
Thanks for pointing it out. We’ve fixed it.