Facebook Goes Public!

Tue 31 January 2012 10:00, Vitto Christaldi

"Morgan Stanley, a global finances services firm in New York City, is close to be picked by Facebook to be the lead underwriter for its initial public offering", as written by The Wall Street Journal last Friday. So is it true? Is Facebook finally ready to go public?

A lot of speculations of Facebook going public have been circulated around many financial newspapers in the last couple of months, or even years, but many people took it as false alarms. It is still uncertain whether the rumor now is true or not, seeing that the Goldman Sachs Group Inc. was said to be the strongest candidate for the deal by last year's rumor.

However, if the rumor is correct, then the mega-social-media company is predicted to be the largest tech IPO of all time! According to The Wall Street Journal, the deal of Facebook IPO will possibly raise about $ 10 billion, which would put its value between $ 75 billion and $ 100 billion. Until now, the highest IPO for social media company was held by the daily-deal site Groupon, with $ 805 million; but it went down 42% immediately after the trading. The same goes for business-social-media LinkedIn, whose IPO went double after it went public in May 2011, but since then felt 36%. Will Facebook end up the same way like its fellow social media rivals, you think?

^{Source: Thomson Reuters}

It is not clear yet which banks will take the lead on the offering, but Facebook is said to target its IPO between April and June. The big question now: Will people still want to buy their shares; seeing that the product life cycle of Facebook might decline in the next coming years, and the fact that more and more people decided to leave Facebook after last year's update?!

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