Facebook going public?

If and when Facebook does come forward and make’s it’s debut as a public company, it could be valued at as much as US$100,000,000,000.

Reports have been firing around, suggesting that Facebook is currently readying it’s paperwork in what could raise the social network as much as $10 Billion in funds.

If Facebook’s IPO does live up to these spectulations, then it would be the biggest IPO for a US internet company ever. In 2004, Google floated on the public stock exchange which raised US$1.67 billion, and gave Google a market capitalization of more than $23 billion.

Facebook have only just in the past 3 years, managed to monetize their business, through advertising streams. But recent reports suggest that the site will have to start exploring new revenue sources, as this IPO will produce pressure along with demand.

As of yet, Facebook and their leader; Mark Zuckerberg, 27, (already worth $US17.5 billion) have kept their lips tightly sealed.

About the author

Alex James wrote 97 articles on this blog.

18, Student from London. Blogger and long-term freebie user!

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