It now looks like Facebook has finally penciled in a date for the
company to go public. According to sources close to Facebook has now
planned the date for its IPO as May 17th 2012. As long as Facebook can
ready all the necessary paperwork for both its IPO and its recent
purchase of Instagram for a cool $1 billion, ealier this
Facebook is currently valued at around $100 billion suggest sources,
and its thought that Facebook is looking to raise $10 billion or less on
the $100 billion valuation.
The valuation and with 2.51 billion fully-diluted shares outstanding,
would put the share price at around $40. One source close to the
proceedings explained: “Investors want as high a price as possible so
that the secondary market won’t look like a problem,”. As more
information becomes available or is confirmed by Facebook we will keep
you updated.
