September 22, 2018

Facebook IPO Planned As Early As April 2012

The Wall Street Journal is reporting that sources close to Facebook have confirmed that the social media giant is planning an IPO for as early as April 2012.

These sources say that Facebook will try to raise as much as $10 Billion, which would value the company upwards of $100 Billion.

While no official announcement has been made, sources close to the matter say that Facebook CEO Mark Zuckerberg has not made a final determination on the date or size of the IPO filing, and that the company is ready to go public at any time, having prepared an internal prospectus and made extensive preparations for the eventual IPO offering.

Facebook’s CFO David Eberson has been talking with different banks about the IPO, but no underwriters have been announced.

Wall Street Journal Article