Facebook Discussing Filing IPO Spring 2012 to Raise $10B (VIDEO)

By Gracie Lee, Christian Post Contributor
Wednesday, November 30, 2011

Facebook is reportedly planning to file its long-anticipated initial public offering (IPO) sometime in the spring of 2012.

Facebook IPO Coming in Spring 2012

The filing of the IPO will take place sometime between April and June 2012, the Wall Street Journal has claimed.

It is unsure how much Facebook will then become worth, however, reports have suggested that the social network company is aiming to raise about $10 billion from its initial public offering. If those reports turn out to be true the company would be worth in excess of $100 billion.

That would be massive progress for Facebook, whose valuation stood at about $50 billion in just January.

Despite the persistent rumors surrounding the highly anticipated initial public offering, Facebook’s spokesman Larry Yu has refused to issue any firm comments with regards to the IPO. He said, “We're not going to participate in speculation about an IPO.”

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