Facebook Could File For IPO Next Week. Could Be The Next $100 Billion Company!
by GadgetGizmodo
If WSJâs sources are correct, we could all be witnesses for one of the biggest IPO fillings for a US technology company in history. With more than 800 million users, Facebookâs value is estimated at anywhere between $80 to $100 billion and itâs highly expected that the company could raise up to $10 billion in itâs initial public offering.
Since a lot of years, analysts have been waiting for Facebook to file for IPO. Meanwhile, Facebook didnât do so as Mark Zuckerburg didnât want employees to care about stocks but about great products. Itâs valuation as well as users kept on sky rocketing, leaving behind the competition in dust and becoming one of the most valued and sought after companies on the Internet. Microsoft had bought 1.6% shares on Facebook back in 2007, at a price of $240 million, which boosted the overall estimated value of Facebook to $15 billion. Some rough calculations show that if Facebook is valued at $75 billion after IPO, Microsoftâs shares would be worth around $1.2 billion. Not a bad investment.
Facebook was started in 2004 by Mark Zuckerburg and has turned out to be such a dream success that entrepreneurs canât even imagine it. Aged 27 now, Zuckerburgâs worth over $17.5 billion and is considered the youngest billionaire in the world. As a CEO of Facebook, his shares in the company are %24 as of 2010 so his own worth is bound to increase tremendously if the IPO is to go through.
Keep in mind that this isnât the first time that rumors are being strongly heard about Facebook going public. But Facebook has also halted trading in secondary markets for a few days which is giving more power to these rumors. Stakes are so high that valuation below $75 billion could be termed as disappointing.
Could Facebook manage to pull off a $10 billion IPO? Sounds difficult but highly likely considering, well, itâs Facebook.
Related posts:
Powered By WizardRSS.com | Full Text RSS Feed | Amazon Wordpress Plugin | Android Forum | Hud Software
0 comments:
Leave a Comment