Go Finance Reporting in NEW YORK - Social networking site Facebook is preparing to conduct bookbulding IPO (initial public offering / IPO) in early October or November with a value of more than USD100 billion.
As revealed by CNBC quoted by Reuters on Tuesday (06/14/2011), Goldman Sachs will be the lead underwriter in an initial offering of shares Facebook in the first quarter 2012.
With more than 500 million users, Facebook became the media's most popular social network and its IPO was highly anticipated by many on Wall Street.
Last month, Director of Operations Facebook had made the comments that the IPO was inevitable, but now can not comment on the latest conditions related to the plan.
Anticipation of future plans up came when investor appetite is tasteful to the social networking company that grew rapidly.
Last month, a professional social network LinkedIn Corp. has made an IPO Approximately $ 7 billion. While at the site earlier this month confessed Groupon Inc. bid for Facebook up to USD750 million IPO.
Meanwhile, for Facebook, now valued as a threat to the already well-known Internet companies like Google Inc., Yahoo Inc. distinction.
Earlier this year, Facebook is valued at USD50 billion by Goldman Sachs when it started investments there. Currently Facebook on the secondary market value of approximately USD78-USD81 billion. Facebook itself is expected to earn approximately $ 4 billion for advertising revenue in 2011, up from $ 1, 86 billion last year. (GoFinance)
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