Facebook's record-breaking IPO reportedly set for May 18th

By on May 2, 2012 at 8:25 AM.

Facebook's record-breaking IPO reportedly set for May 18th

Facebook IPO set for May 18th

Social networking giant Facebook is reportedly set to make its initial public offering on May 18th, a day later than earlier reports had claimed. Company co-founder and chief executive officer Mark Zuckerberg, chief operating officer Sheryl Sandberg and chief financial officer David Ebersman will take part in a roadshow beginning on Monday that will see the company host a number of meetings to pitch its stock to investors, The Wall Street Journal reports. An offering will then be made on May 18th, the report claims. Facebook’s IPO could raise a much as $10 billion and value the company at as much as $100 billion, making it the largest Internet IPO in history. Google’s 2004 offering currently holds the record at $1.9 billion. Facebook will be listed on the NASDAQ under ticker symbol FB. More →

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Facebook IPO may be delayed until June

By on April 24, 2012 at 7:45 PM.

Facebook IPO may be delayed until June

Due to a string of acquisitions and other business distractions, Facebook’s multi-billion dollar initial public offering that was rumored to be set for May 17th may be delayed until early or mid-June, according to CNBC. Facebook founder and CEO Mark Zuckerberg has not been preparing for the IPO, but instead has been more focused on running the business and making acquisitions. As a result, the social networking giant’s IPO date will reportedly be pushed back so the company has time to make the appropriate preparations. Facebook filed with the SEC in February, and could raise as much as $10 billion at a $100 billion valuation when it goes public in the coming months. Facebook’s IPO is expected to top Google’s $1.9 billion offering by a wide margin, making it the largest Internet IPO in history. Facebook’s shares will be listed on the NASDAQ exchange under the “FB” ticker symbol. More →

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Facebook’s record-setting IPO reportedly set for May 17th

By on April 19, 2012 at 9:05 AM.

Facebook’s record-setting IPO reportedly set for May 17th

Depending on whether the U.S. Securities and Exchange Commission approves the company’s paperwork, Facebook’s highly anticipated IPO could be coming on May 17th, TechCrunch reported on Thursday, citing multiple unnamed sources. Earlier reports have indicated that the social networking giant was aiming for a May offering and Facebook halted trading on the secondary market late last month. The company filed with the SEC in February, and could raise as much as $10 billion at a $100 billion valuation when it goes public, although TechCrunch’s sources believe it will be less. The largest Internet IPO to date was Google’s 2004 offering, which raised $1.9 billion. Facebook’s shares will reportedly be listed on the NASDAQ exchange under the “FB” ticker symbol. More →

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Facebook reportedly eyes May for biggest Internet IPO in history

By on March 28, 2012 at 4:30 PM.

Facebook reportedly eyes May for biggest Internet IPO in history

Facebook is reportedly targeting May for its initial public offering, which is set to be the biggest Internet IPO in history by a substantial margin. The Wall Street Journal on Wednesday cited unnamed sources in stating that Facebook was aiming for a May offering, and the company halted trading on the secondary market this week as it makes preparations. The company filed with the U.S. Securities and Exchange Commission in February, and it could raise as much as $10 billion at a $100 billion valuation when it goes public later this year. Google currently lays claim to the largest Internet IPO, having raised $1.9 billion in 2004. Facebook recorded net income of $1 billion on $3.71 billion in sales last year. The company’s social network is currently home to more than 845 million active monthly users. More →

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Facebook files for biggest Internet IPO in history at $5 billion

By on February 1, 2012 at 4:51 PM.

Facebook files for biggest Internet IPO in history at $5 billion

Facebook on Wednesday formally filed documents with the U.S. Securities and Exchange Commission in its first step toward an upcoming initial public offering. Facebook said it is looking to raise $5 billion with its IPO, which has been eagerly anticipated by the Street and by investors. Morgan Stanley, JPMorgan Chase, Goldman Sachs and others will underwrite the offering, and Facebook could raise as much as $10 billion following its IPO. Reports surfaced this past Friday stating that Facebook had plans to file for an IPO this week at a valuation of between $75 billion and $100 billion. At $5 billion, Facebook’s IPO would be the biggest Internet IPO in history, besting Google’s $1.9 billion 2004 offering by a huge margin. Facebook’s IPO also has the potential to top Infineon’s $5.9 billion offering, which is currently the biggest global technology IPO on record. In 2011, Facebook recorded sales of $3.71 billion and earnings of $0.43 per share on net income of $1 billion according to its S1 filing. Facebook also noted that it currently has 845 million monthly active users, and CEO Mark Zuckerberg owns 534 million shares, or 28.4% of the company. Zuckerberg’s public letter regarding the IPO follows below in its entirety. More →

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