Saturday, June 22, 2024

Facebook Said to Plan IPO at $100B Valuation

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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.

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