Facebook initial public offering released next year
Giant social networking Facebook is reportedly getting ready to go public by opening its first Facebook initial public offering (IPO) in 2012. This information is disclosed by Reid Hoffman, one co-founder of LinkedIn. Hoffman, known as an investor in several leading technology companies, estimates Mark Zuckerberg will hold an IPO in the first half of next year.
In 2007 alone Facebook has already worth USD 15 billion, which this year worth up to 5 times. Unfortunately, employees who joined Facebook before the fall of 2007 can only sell their shares in the secondary market at the time of leaving the company. While employees who joined after that will receive restricted stock that can be availed at the time Facebook initial public offering has released.
“This will be the largest technology company IPO in history,” Hoffman said as quoted by the Telegraph, Monday (11/21/2011). “Facebook has been delayed this before. The pattern now is to build up much momentum in the business and Facebook have done it. This will produce a strong IPO valuations,” he explained further.
But Facebook itself is still refusing to comment on this news and did not want to give confirmation. As is known, Facebook plans to do an IPO was delayed until 2012. In fact, Facebook was originally planned to submit Facebook initial public offering this year. Zuckerberg also dismissed rumors that mention this delay due to uncertain market conditions. It is said by this young CEO, he just wants its employees to focus on product development.