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Facebook IPO Slated For Second Quarter, 2012

By TechTaffy Desk

By Sudarshana Banerjee

Facebook is looking at April to June 2012 for its initial public offering (IPO), says a WSJ report by Shayndi Raice. The report says Facebook is discussing internally about the IPO and looking at possible dates to file the required forms with SEC. It is expected Facebook will be doing the paperwork with SEC as early as next month. To that effect, it seems Facebook also has a prospectus ready, and the company’s chief financial officer David Ebersman has initiated discussions with Silicon Valley bankers.

The IPO is expected to peg Facebook in the region of a $100 billion valuation. Earlier this year, Goldman Sachs had invested $450 million in the company. Digital Sky Technologies  had  invested an additional $50 million at the same time as well.

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