Report: Facebook Considering an IPO That Would Value Service at Twice What It Was Worth a Year Ago

Nov 29, 2011  •  Post A Comment

Facebook is considering an initial public offering that would value the social-networking service at more than $100 billion, reports Bloomberg.

Facebook would sell about $10 billion worth of shares to the public in the offering, and may file for the IPO before year-end, the story says.

The valuation represents a doubling of Facebook’s worth since January, when it completed a $1.5 billion investment from Goldman Sachs and other investors, the piece points out.

The IPO would be the biggest technology IPO ever, with the previous record held by Infineon Technologies AG, which raised $5.23 billion in its 1999 initial stock sale, the article notes.

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