Facebook

Facebook IPO set for middle of May, could raise $10bn

Facebook’s long-anticipated IPO is increasingly likely to happen in the third week of May, with as much as $10bn expected to be raised from a $100m valuation. With SEC reviews usually taking about three months, Facebook is therefore expected to file its IPO documents by the end of January.

Facebook’s growth continues to be phenomenal. The site has around 800m users, with that figure expected to hit 1bn by the end of 2012. Revenue was around $4bn in 2011 and is likely to be more than $5bn this year, despite increased competition from the likes of Google+ as well as concerns about privacy.

Whatever the final figures, Facebook’s IPO is expected to be one of the biggest in history, fuelling concerns about a new tech bubble. But Facebook seems to be one of the most solid performers in the tech industry, and the odds of it becoming another Myspace in the near future look to be low.

About Michael R. Gideon

Writer, teacher, dog walker, guitarist, husband, father, reader, journalist etc. I mainly write at 100gf | Politics and Computers, but occasionally at other sites such as TV Vomit and Indie Bookspot. My Google Plus profile.

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