Business & Tech
Massive Facebook IPO Set for 2012
Company seeks to raise $10 Billion, according to reports.
Facebook is looking to go public between April and June of next year with a potential valuation of $100 billion, according to the Wall Street Journal.
That valuation, if true, would be twice that of Palo Alto titan Hewlett Packard ($51 billion) and more than half that of neighboring Google ($190 billion).
Facebook spokespeople have remained quiet on the rumor, but WSJ cites “people familiar with the matter” as confirming the report.
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Facebook has released a flurry of new products and enhancements in recent months, including and new chat interface, and has at the site of the old Sun Microsystems building.
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