New Media News Social Media, — January 17, 2012 16:44 — 0 Comments

Facebook, Mark Zuckerberg

Facebook founder and chief executive Mark Zuckerberg had not decided on any terms

Social media giant reportedly planning world’s biggest technology float, offering 10% stake, valuing company at $100bn

• More on this story: Facebook float could value company at $100bn


Powered by Guardian.co.ukThis article titled “Facebook plans $10bn May stock offering” was written by Juliette Garside, for The Guardian on Monday 16th January 2012 19.15 UTC

Facebook is reportedly preparing to make its stockmarket debut in May, during which the social networking giant could raise $10bn in the world’s biggest technology company float. The timetable would mean Facebook would need to file documents for review by America’s Securities and Exchange Commission within the next month for its fundraising, the Wall Street Journal said. Facebook is expected to offer a 10% stake, suggesting a $100bn valuation. British financial public relations specialist Brunwick Group is understood to have been appointed to manage the listing, reportedly scheduled for the third week of May. Brunswick represented online deals site Groupon during its initial public offering last year, and is understood to have worked on Facebook’s private placing with Goldman Sachs and its clients. Both Brunswick and Facebook declined to comment.

guardian.co.uk © Guardian News & Media Limited 2010

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About the author

Tony Myers has written 866 articles for Smart Movie Making

Fooling around with the iPhone since 2010. Taking it to the next web by writing about new media, new technology, new wave cinema and the digital revolution.

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