facebook prepares for 2012 ipo
Last Updated : GMT 05:17:37
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Last Updated : GMT 05:17:37
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Facebook prepares for 2012 IPO

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Emiratesvoice, emirates voice Facebook prepares for 2012 IPO

London - Arabstoday

The world's largest internet social network, Facebook is preparing for an initial public stock offering next year, Reuters has reported, citing a source familiar with the matter. Facebook is exploring raising $10 billion, a newspaper said on Monday. It hopes the offering will value the company at more than $100bn. Facebook's chief financial officer, David Ebersman, had discussed a public float with Silicon Valley bankers but founder and CEO Mark Zuckerberg had not decided on any terms and his plans could change, the sources said.

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