More: http://www.theaustralian.com.au/busi...-1226260303704Facebook files for IPO, valued at between 75 billion and 100 billion dollars
From: The Wall Street Journal
February 02, 20129:07AM
FACEBOOK filed for an initial public offering (IPO) that could value the company at between $US75 billion ($72 billion) to $US100 billion, putting the eight-year-old social network on track to be one of the biggest Web stock market debuts of all time, even as it tries to keep up with sky-high expectations.
In a securities filing, the Menlo Park, California company said it is seeking to raise $US5 billion. That figure is a placeholder and will likely change. Facebook hopes to raise as much as $US10 billion when it goes public in the spring, said people familiar with the matter.
The company revealed it has been growing fast, but the figures were less than some had expected. Facebook said it produced $US3.71 billion in revenue in 2011, up from $US1.97 billion a year earlier. Outside estimates had pegged Facebook's revenue for 2011 at $US4.27 billion.
Any thoughts about this high profile IPO?