Facebook Said to Plan IPO at $100B Valuation

An anonymous source says the social network may go public before the end of the year.

Bloomberg: An unnamed source says that Facebook is planning an initial public offering (IPO) that would raise $10 billion and value the company at $100 billion. While the company hasn't yet decided when to go public, the source says it could happen before the end of the year. If the social network does raise $10 billion, it would set a record among tech companies.

SharesPost Inc., which handles trading of private companies, puts the current value of Facebook at $66.6 billion.

Tags: Facebook

0 Comments (click to add your comment)
Comment and Contribute


(Maximum characters: 1200). You have characters left.



IT Management Daily
Don't miss an article. Subscribe to our newsletter below.

By submitting your information, you agree that datamation.com may send you Datamation offers via email, phone and text message, as well as email offers about other products and services that Datamation believes may be of interest to you. Datamation will process your information in accordance with the Quinstreet Privacy Policy.