CEO of Facebook, Marck Zuckerberg
flickr-Partij van de Arbeid (PvdA)
Wall Street is anticipating the initial public offering (IPO) of company stocks of social-networking giant Facebook.
Prediction by analysts are that Facebook could become the largest IPO of the decade and likely the largest tech IPO ever, expecting to raise $10 billion in the offering. Google, by comparison, raised $1.9 billion in its IPO in 2004.
Additional advantage, at least for company employees, is that an estimated 1,000 of them become instant millionaires with the initial public stock offering of Facebook.
Currently, the 'king of social network' shares are only available for private trading to a selected few, in most cases those with a high capital balance.
| Facebook filing for IPO expected first week february |
Wed 1 00:00 to Fri 3 Feb 2012 23:59