Facebook IPO to go public in May?

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Facebook IPO to go public in May?
The worlds no 1 online social networking site is awaiting its stock market debut in 2012, expecting as much as $100 billion. The news spread on Monday that popular social networking site Facebook is aiming at an Initial Public Offering (IPO) in the third week of May, according to reports.

That states that the company should file its IPO documents within next month, as the Securities and Exchange Commission (SEC) usually takes three-four months.

Meanwhile, Facebook offering is anticipated to be one of the biggest IPOs ever. Reports say that the company is set to raise $10 billion on a $ 100 billion valuation.

Facebook has current user base of around 800 million and is expected to hit 1 billion this year. Meanwhile, the revenue, which was reportedly near to $ 4 billion in 2011, is expected to be higher by another third in 2012.

However, Facebook refused to comment on the report.

sources form All Things Digital.

Read more about: facebook, ipo, revenue
Story first published: Tuesday, January 17, 2012, 15:23 [IST]
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