Is a Facebook IPO near?
According to rumors Internet giant Facebook is in the finishing stages of preparing for a forthcoming initial public offering (IPO) with a valuation expected to range between $75 and $100 billion
For years the world’s largest social networking website has put off and IPO, however according to sources close with the company they are now preparing for their IPO. According to rumors the company is close to inking a deal with investment bank Morgan Stanley to arrange the deal as the “lead-left,” the title reserved for the bank that takes the lead in a financial transaction, such as an IPO. The deal is expected to raise somewhere around $10 billion dollars for Facebook.
It is expected that the IPO will take place between April and June this year, even though the IPO will take place within a difficult economic climate analysts still expect it to attract loads of interest. According to but analysts expect it to attract plenty of interest. Max Wolff, an analyst at GreenCrest Capital “The excitement around Facebook is still enormous.”