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Facebook Could File IPO This Week For May Offering



The world has been waiting 6 patient years to see what Mark Zuckerberg and Facebook would do. Facebook turned down a bid by Yahoo for the social network in 2006.  A year later Zuckerberg turned down a bid from Microsoft for $15 billion dollars. All the while lying in wait for the day Facebook would have it’s initial public offering and go onto the stock market.

More after the break

The Wall Street Journal and other sites reported Saturday that we could see Facebook’s IPO this week. Secondary trading of the largest social network in the world was halted on Tuesday, which is another indicator that the IPO is imminent.

Earlier this month it was reported that Facebook was looking to go public in mid May. In order to do that, they would need to file very close to this week as it usually takes a few months for the SEC to review the paperwork surrounding an IPO.

Facebook could see a valuation as high as $100 billion dollars which would be one of the biggest IPO’s in history.

source: ZDNet

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