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Facebook plans IPO between April and June: report

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Facebook Founder & Chief Executive Officer Mark Zuckerberg, launches Facebook's ''open compute program'' at Facebook's headquarters in Palo Alto, California April 7, 2011. REUTERS/Norbert von der Groeben

Facebook Founder & Chief Executive Officer Mark Zuckerberg, launches Facebook's ''open compute program'' at Facebook's headquarters in Palo Alto, California April 7, 2011.

Credit: Reuters/Norbert von der Groeben

Mon Nov 28, 2011 6:50pm EST

(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)
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Comments (1)
Mr.Cat wrote:
Does this mean, it will cost all of us, who have a facebook account, to have that account? I sure hope not? Does it mean, investors? How can I become one of them, and have an advantage over other users?

Nov 30, 2011 7:10pm EST  --  Report as abuse
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