Facebook ‘to go public’ this week

Science / Technology - 30 January 2012, Monday 17:44

LONDON (QHA) - The Facebook social network will start the process of becoming a publicly-listed company this week, valuing the site at between 75,000 and 100,000 million (57,100 and 76,100 million euros), according to BBC.
Thus, on February 1, the company is planning to file papers with the US financial watchdog, the Financial Times and the Wall Street Journal reported.
The flotation later this year would raise about $10bn, they noted.
This would be one of the biggest share sales seen on Wall Street.
It would dwarf the $1.9bn raised by Google when it went public in 2004.
However, it would still be some way short of the $20bn raised by carmaker General Motors in November 2010.

 
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