Facebook, the social network with almost 1 Billion users, is expected to IPO in late May according to a new report and information from several anonymous sources. Their IPO has long been talked about, particularly considering it will be the largest in tech history and could propel the company to the $100 Billion valuation mark.
If that’s the case, Facebook will need to file it’s papers within the next month if they are to get everything reviewed by the Securities and Exchange Commission. They typically take three to four months to review.
Being that this is “expected” to happen in May, Kara Swisher of AllThingsD explains:
“The usual caveat on the late-May timing (even though I called 143 people on this one): This IPO planning could all change, in a New York minute, to another month.”
Even if it is to change, one thing is for certain however and that’s that Facebook will IPO this year. It’s time, the social network is ready, and investors are about to make a whole lot of money in the process.
“In any case, the Facebook IPO is expected to be one of the largest Web offerings ever — with some reports saying the company will be raising $10 billion on a $100 billion valuation.”
“That amount is presumably to match its huge consumer growth and revenue explosion. Users now number 800 million — a figure that is likely to hit one billion this year. And revenue, which was reportedly close to $4 billion in 2011, is expected to be higher by another third in 2012.”
Would you invest in Facebook? Why or why not?