Facebook to Go Public in May
By on March 29th, 2012

Facebook which filed its S-1 statement with the SEC on February 1, is planning to go public in May, according to a report by the WSJ.

Facebook’s IPO is expected to be the biggest internet IPOs of all time. It is aiming to raise $10 billion at a valuation of around $100 billion. It generated $3.7 billion in revenue in 2011, with a net profit of around $1 billion. Its earnings are expected to continue to grow rapidly in the coming years, as it monetizes its massive user base of more than 845 million users more effectively.

Facebook also halted trading of its shares on the secondary market earlier this week, which sparked off speculation that the IPO may be very near.

Facebook’s IPO is expected to create more than a 1000 new millionaires, with most of its early employees and executives hitting pay dirt. We could see the emergence of the Facebook Mafia, which would spark off the next wave of startups and boost angel investing in the valley.

We should also see more patent litigation activity against Facebook, right before its IPO, from the likes of Yahoo and others looking to make a quick buck.

Here are some interesting facts about Facebook’s IPO – Facebook IPO: Here’s What You Need to Know

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Author: Pathik Google Profile for Pathik
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Pathik has written and can be contacted at pathik@techie-buzz.com.
 
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