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
Add to Mixx!


 


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


 






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