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    Home»World»$104bn Facebook IPO on 17 May – report

    $104bn Facebook IPO on 17 May – report

    World By Editor19 April 2012
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    Social network giant Facebook is allegedly targeting 17 May as the potential date for its initial public offering, according to a TechCrunch report that cites unnamed sources familiar with the company.

    The IPO date might be off depending on how much time federal regulators need to review Facebook’s recent US$1bn acquisition of mobile photo-sharing start-up Instagram.

    And speaking of Instagram, some have speculated that the $1bn deal was structured around the idea that Facebook shares would be worth more after they began trading publicly. On that assumption, Facebook agreed to pay 30% cash and 70% in stock. Sources from both TechCrunch and the New York Times indicate that Facebook is looking to raise around $10bn from the stock sale, with valuation as high as $104bn.

    At that value, Facebook would be very close to trading at the same levels it was hitting while trading on the secondary market, pricing the social network at about $40/share.

    But with the alleged 17 May IPO date just under a month away, we’re bound to hear more about it between now and then. Stay tuned.  — VentureBeat

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