Facebook 2012 IPO could top $100 billion: CNBC

June 13, 2011
Mark Zuckerberg, CEO of Facebook, speaks at the headquarters in Palo Alto, California in 2011. Social network Facebook is likely to go public in the first quarter of next year with a valuation of over $100 billion, the CNBC business news network reported.

Social network Facebook is likely to go public in the first quarter of next year with a valuation of over $100 billion, the CNBC business news network reported on Monday.

Facebook chief executive has repeatedly said he is in no hurry to take the social network public but CNBC said the company may be forced to do so by (SEC) regulations.

CNBC said Facebook's decision to conduct an could be triggered by an SEC requirement that companies with more than 500 private investors must disclose financial information.

The network, citing "people familiar with the matter," said Facebook will likely report it has crossed that threshold at the end of this year.

The so-called "500 rule" requires private companies to release quarterly financial reports like public companies.

Facebook is also facing pressure from employees who are not allowed to sell their shares on private exchanges such as SharesPost, where has been given a valuation of as high as $85 billion, CNBC said.

It said Facebook's valuation was expected to be above $100 billion when an IPO takes place next year.

Explore further: Facebook in no rush to go public: Zuckerberg

Related Stories

US probe after Goldman investment in Facebook

January 5, 2011

A Goldman Sachs investment of nearly half a billion dollars into Facebook has spawned a probe by US regulators eager to safeguard the dividing line between public and private companies, The Wall Street Journal reported on ...

US clients excluded from Facebook offering: report

January 17, 2011

Citing "intense media attention," Goldman Sachs has decided to exclude US clients from the private offering of as much as $1.5 billion in shares of Facebook, The Wall Street Journal reported Monday.

Facebook raises $1B more from non US investors

January 21, 2011

(AP) -- Facebook said Friday it has raised $1 billion from non-U.S. investors, which combined with an infusion from Goldman Sachs and Russia's Digital Sky Technologies in December, brings the haul from its latest round of ...

Facebook staff might sell fortune in stock: report

February 10, 2011

Facebook may let employees sell up to $1 billion in shares at a price that would value the social networking service at $60 billion, technology news website All Things Digital said Thursday.

Recommended for you

The ethics of robot love

November 25, 2015

There was to have been a conference in Malaysia last week called Love and Sex with Robots but it was cancelled. Malaysian police branded it "illegal" and "ridiculous". "There is nothing scientific about sex with robots," ...

No lens? No problem for FlatCam

November 23, 2015

How thin can a camera be? Very, say Rice University researchers who have developed patented prototypes of their technological breakthrough.


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.