According to reports Facebook’s much anticipated Initial Public Offering is most likely to come in the last week of May. However this means social networking giants have to file its IPO documents within the coming months, then the review by the SEC which usually takes two to four months. For instance Groupon filed its IPO in June but did not go public until November.
As reports suggest Facebook’s IPO is expected to be one of the largest IPO ever, Reports claim Facebook will raise $10 Billion on a $100 Billion valuation. At the last count Facebook has over 800 Million users. Facebook revenue was close to $4 Billion in 2011. In an interview with WSJ last week Facebook’s Chief Executive Mark Zuckerberg said “The thing to take away isn’t that we don’t care [about business]. People for years were asking me why aren’t we trying to make more money,” he said. “I would say I’m trying to build a business for the long term, and it was clearly the right strategy.”
