Huffpost Technology

Facebook's Rumored $100 Billion IPO May Be Announced Between April, June 2012

Posted: Updated:
FACEBOOK IPO
Getty Images


(Reuters) - Facebook Inc is looking to go public between April and June 2012 with a valuation of over $100 billion, the Wall Street Journal reported, citing people familiar with the matter.

The social media giant is considering raising as much as $10 billion in its IPO, the report said.

Sources familiar with the matter said the company has not made any decision over which banks will be involved in the IPO.

Facebook's CFO David Ebersman is in talks with Silicon Valley bankers about an IPO, but founder CEO Mark Zuckerberg has not decided on any terms of the IPO, the Journal said.

(Reporting by Vidya L Nathan in Bangalore; editing by Andre Grenon)
Copyright 2011 Thomson Reuters. Click for Restrictions

Around the Web

Facebook plans IPO between April and June: report

 
From Our Partners