Most Awaited Facebook IPO worth $10 Billion
Jan 31st, 2012
Facebook, a company valued at $100 billion, is set to be one of the largest public companies in the world, compare to that of the $1.9 billion Google IPO in 2004.
When Facebook makes its debut as a public company, the social networking company will bring itself into the ranks of the largest public companies in the world. Facebook is preparing to file initial paperwork for an offering that could raise as much as $10 billion and value the company at approximate $100 billion. The filing with the Securities and Exchange Commission could come in this week with an initial public offering of stock in three or four months.
The targeted amount would bring it among the world’s 25 largest IPOs. The IPOs of 14 companies would rank higher than Facebook’s, according to investment adviser Renaissance Capital. Among them were Visa Inc’s $17.9 billion IPO in 2008 and world-topper Agricultural Bank of China Ltd, which raised $19.3 billion in 2010, not including extra shares to meet demand.
Facebook’s will be the most awaited tech IPO since Google went public in 2004. Not including shares sold by early investors, the search giant raised $1.2 billion and grabbed a market value of $23 billion. Google IPO was biggest for a Internet company based in US. Facebook’s valuation compares to McDonald’s Corp ($100 billion),Citigroup Inc ($90 billion), Amazon.com ($75 billion) and largest than Hewlett-Packard Co, which is almost $55 billion.