Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Facebook to become available to the public as early as this week!!  Join our daily free Newsletter

MENAFN - ecPulse - 30/01/2012

No. of Ratings : 0
Digg This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093478188%26title%3dFacebook-to-become-available-to-public-as-early-as-this-week Share This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093478188%26title%3dFacebook-to-become-available-to-public-as-early-as-this-week Add to Delicious Seed this article Buzz this article Add to Reddit Add to furl Add to stumbleupon Add to Mixx!


 


(menafn – ecpulse)

As early as Wednesday, Facebook is expected to start the process of becoming a publicly listed company valued at up to 100 billion, being the most anticipated technology IPO in last 10 years and the biggest for a U.S. Internet company ever, topping rival Google.


The long-expected debut as a public company will start this week where it may raise “as much as 10 billion in an offering that would value the company between 75 billion to 100 billion”.


This will put Facebook among the largest public companies in the world, while the targeted amount it place it among the world's 25 largest IPOs, according to the Wall Street Journal, citing unnamed sources familiar with the matter.


This is the most anticipated technology IPO in a decade, as it might exceed Google's initial public offering in 2004 when it raised 1.9 billion, giving it a market value of 23 billion, and now it’s worth 184 billion.  


Last week, Facebook, which has 800 million users worldwide, halted trading of its shares on the secondary markets for three days, increasing suspicions of an IPO filing to be on the way as early as Wednesday.


At the expected price, Facebook's IPO would be the biggest for a US Internet company. The company’s revenue might grow 52% this year to 5.78 billion and could reach 7 billion in 2013, which could determine investors to bet heavily on Facebook.


The main reason for an IPO is to produce a profit for the company, which will add to the 17.5 billion that CEO and founder Mark Zuckerberg, 27, own although the shares traded till now only on a closed market.


 






  MENA News Headlines
May 23 2013US new home sales jump in April ,AFP
(MENAFN - AFP) Sales of newly built homes in the United States jumped in April and prices surged as demand picks up against a still constricted supply, the Commerce Department said Thursday. Sales ...

May 23 2013WHO voices deep concern over spread of SARS-like virus ,AFP
(MENAFN - AFP) The World Health Organization voiced deep concern Thursday over the SARS-like virus that has killed 22 people in less than a year, saying it might potentially spread more widely ...

May 23 2013US photographer Leibovitz wins top prize in Spain ,AFP
(MENAFN - AFP) Spain honoured the US photographer Annie Leibovitz, known for her iconic portraits of a naked John Lennon and a pregnant Demi Moore, with its top humanities prize on Thursday. The ...

May 23 2013US stocks sink after global rout; S&P loses 1.1% ,AFP
(MENAFN - AFP) US stocks opened sharply lower Thursday after the plunge in the Japanese market sparked a selloff throughout Asia and Europe. In the first 10 minutes of trade the S&P 500 was ...

May 23 2013Majid Al Futtaim takes 100% of UAE Carrefour ,MENAFN
(MENAFN) Majid Al Futtaim (MAF) Holding announced that it purchased the 25-percent stake owned by Carrefour in Majid Al Futtaim Hypermarkets LLC for USD684.1 million, reported Gulf News. MAF ...

May 23 2013QPI to purchase share in Total's Congo operations ,MENAFN
(MENAFN) Qatar Petroleum International (QPI) will buy a stake in Total's Congo operations, reported Arabian Business. This investment's major focus is the Moho North project. Neither of the two ...

May 23 2013Epicor to Host EMEA Insights 2013 Customer Conference Series ,MENAFN Press
(MENAFN Press) Epicor Software Corporation, a global leader in business software solutions for manufacturing, distribution, retail and services organizations, today announced that it will be hosting ...

May 23 2013Dubai's leading property agency delivers world-first tool and resources for end users ,MENAFN Press
(MENAFN Press) Better Homes, UAE's largest realtor, has released helpful guides for property hunters and landlords in the Dubai property market. This follows from the property agency's delivery of a ...

May 23 2013Onyx hospitality group creates a buzz with 'plan bee' ,MENAFN Press
(MENAFN Press) The latest CSR programme from ONYX Hospitality Group focuses on the conservation of natural biodiversity in a bid to save the Asian honeybee (Apis cerana) from extinction. The ...

May 23 2013RTS Realtime Systems to Open Data Center in Dubai ,MENAFN Press
(MENAFN Press) RTS Realtime Systems Group (RTS), a leading global trading solutions provider, today announced plans to open its newest data center in Dubai, the first Middle East site in its global ...

more...


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help