According to the reports from the Wall Street Journal, Facebook could file for its IPO as soon as next week.
I.P.O. basically stands for Initial Public Offering in which there is a price band given i.e. Rs.405-Rs.450 and buyers may quote any price between this range and higher quoted price would be selected. Those who quoted lower price than the selected price then that money will be refunded after 25 days and those who quoted higher than the selected price they will get the bonus of price difference of every share they will buy.
The filing could happen by next Wednesday and the company is aiming for $75-$100 billion valuation. It is looking to raise $10 billion in stock.
Facebook started in 2004 as a college-only social network by Mark Zuckerberg and his fellow students. As observed on January 2012, Facebook has more than 800 million active users across the globe.
Reports say the IPO will have two active managers, Goldman Sachs group will most likely play an important role and Morgan Stanley as the lead underwriter.Morgan Stanley was the lead underwriter for both 2011 Zynga and Groupon IPO`s last year.Groupon went public with a $12.7 billion valuation. The highest tech valuation was of Google which was $23.1 billion and it sold $1.7 billion in stock which is very less as compared to the estimation of Facebook which is $75-$100 billion valuation and $10 billion in stock.
Facebook will go public under the symbol "FB", according to the reports from the Businessinsider.
Facebook is on a roll these past few weeks, pushing out Timeline to all its users and 60 new social apps. Now lets see if Facebook could really be the Biggest Tech IPO in History or not.




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