Facebook Targets Huge IPO
The Wall Street Journal, citing people “familiar with the matter,” says that Facebook will go public with an IPO in April and the company hopes to raise $10 billion. That would give Facebook a $100 billion valuation.
The social networking firm is now targeting a time frame of April to June 2012 for an initial public offering, said people familiar with the matter. The company is exploring raising $10 billion in its IPO—what would be one of the largest offerings ever—in a deal that might assign Facebook a $100 billion valuation, a number greater than twice that of such stalwarts as Hewlett-Packard Co. and 3M Co.
