Facebook May File IPO Next Month, Could Be Valued at $100B+
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According to the WSJ Monday evening, Facebook may file its IPO with the SEC as soon as next month, with a target to hit the market between April to June of 2012.
While CEO Mark Zuckerberg has not yet made any clear announcement, speculators are already placing a value of more than $100 billion on the company. A source has said Facebook would probably look to raise about $10 billion in the IPO.
Traders might want to watch the new Social Media ETF (Nasdaq: SOCL) on the news, or shares of GSV Capital (Nasdaq: GSVC), which own shares of private companies.
While CEO Mark Zuckerberg has not yet made any clear announcement, speculators are already placing a value of more than $100 billion on the company. A source has said Facebook would probably look to raise about $10 billion in the IPO.
Traders might want to watch the new Social Media ETF (Nasdaq: SOCL) on the news, or shares of GSV Capital (Nasdaq: GSVC), which own shares of private companies.
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