Facebook plans to go public to boost $87billion

News / Internet

Facebook plans to go public to boost $87billion

  • 2012-05-05 04:43:11
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News / Internet Facebook plans to go public to boost $87billion
Facebook can go public with a stock worth of $28 to $35 to line the popular social network's valuation as high as $86.6 billion, in line with documents filed with the Securities and Exchange Commission.

The rest can move to existing stockholders who are selling their shares, together with CEO and cofounder Mark Zuckerberg and venture capital investors like Palo Alto-based Accel Partners. The company's valuation at the midpoint of the advised vary would be concerning $78 billion, in need of several projections that Facebook would shoot for a valuation of up to $100 billion.

Facebook's most anticipated stock debut for Silicon Valley in many years is predicted to line records for funds raised and valuation for a web company. Google's IPO in 2004, that set the company's price at $23 billion and reaped $1.9 billion for the Mountain read search large, is that the largest for currently.
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