Facebook IPO Announced – $100 Billion Value Expected

facebook IPO

Facebook IPO announced

In a report earlier, the Wall Street journal said that Facebook is currently looking at raising about $10 billion through an Initial Public Offering (IPO).

As a result of the Facebook IPO, analysts believe that the value of the company could be as high as $100 billion. The only social media / internet IPO to see numbers like this was Google in its 2004 IPO. But even Google’s value was only about a quarter of what is expected for Facebook.

What is currently the world’s largest online social media portal, Facebook which was created by Mark Zuckerberg in his college dorm room in 2004 at Harvard has been delaying any talks or moves toward an IPO.

From the beginning, the focus of Facebook has been to build a product and service which pleases it customers. A Facebook IPO will force the company to keep a board happy, which is not always so good for its customers.

The recent success for companies like LinkedIn and Groupon with their recent IPO’s is creating added pressure on Facebook to make a move on its own IPO.

About D Robert Curry

D Robert Curry - with over 2 decades of experience in the IT sector and an avid aviator, Mr. Curry covers all Science & Technology and Aviation realted news stories. drcurry@newstaar.com