$100 Billion Facebook IPO Filing Could Come Next Week

The six-year old social networking service is preparing to file paperwork for an initial public offering next Wednesday

(Image: File)

It seems the time has come. Facebook, the iconic social network, will file for an initial public offering on Wednesday, according to a report from the Wall Street Journal.

If Facebook files regulatory papers for its public offering of stock next week, this will be the largest tech IPO in history, turning out around $10 billion for the social network, according to Mashable. Infineon Technologies AG, a German company, is the current record holder for having the largest global technology IPO of all time, which raised $5.9 billion in 2000. Google’s 2005 IPO didn’t accomplish what it set out to do; it did not even reach the $2 billion mark.

There are very few details available regarding the long-awaited IPO. Facebook isn’t commenting, and the WSJ’s source is unnamed. The paper says the $10 billion share offering would yield Facebook a total valuation of $100 billion.

 

ACROSS THE WEB
  • WALTER WEBB / FREELANCE WRITER

    AFTER DUNKIN DONUTS (DNKN), RENEWABLE ENERGY (REGI), AND GROUPON’ (GRPN) SUCCESSFUL INITIAL PUBLIC OFFERINGS WE NOW LOOK FORWARD TO OTHERS LIKE FACEBOOK AND LIVINGSOCIAL. FACEBOOK’S IPO NOT BRINGS INDEPENDENCE BUT ALSO ADDS TO AN ALREADY ESTABLISHED MICROSOFT (MSFT). SPEAKING OF CONNECTIONS ITS STILL NOT QUIET SURE HOW BASKIN ROBBINS ICE CREAM WILL BE PROMOTED WITH DUNKIN’S NEW FOUND NEW YORK STOCK EXCHANG (NYX) FAME. ITS ICE CREAM COMPETES WITH LIKES OF NESTLES (NSRGY), STARBUCKS (SBUX),AND
    DANONE’S (DANOY) ICE CREAM UNITS. OTHER IPO’S INCLUDE ZNYGA (ZNGA) WHICH
    HAS DONE WELL BUT NOT AS GOOD AS ANALYST EXPECTED. STILL THERE IS ROOM FOR GROWTH IN ITS ONLINE BUSINESS. AND WITH SOCIETY IN ITS GOING GREEN MODE YOU CAN EXPECT ECO PLANET IPO TO WELL FOR SOCIALLY CONSCIOUS AMERICAS
    AROUND THE NATION. THE IT WORLD IS GETTING A BOOST FROM THE RECENT FILLING
    OF EPAM SYSTEMS (EPAM) A SERVICE PROVIDER WHO FOCUSES OF COMPLEX SOFTWARE
    PRODUCT DEVELOPMENT. BEN & JERRY IPO HELPED FUEL ITS SOCIAL PLATFORM. THE COMPANY CURRENTLY SETS UP JOINT VENTURES WITH THE AMERICAN RED CROSS AS THE DAIRY PROVIDER. AND THEY ARE BIG IN THE 2012 DEMOCRATIC CONVENTION AREA OF CHARLOTTE (NC) ON FAIRVIEW ROAD. ITS AMERICAN RED CROSS PARTNER ISSUES ARE A MAJOR CONCERN OF PRESIDENT OBAMA’S SUCCESSFUL HEALTHCARE PROGRAM. MAJOR OIL STATE TEXAS IS BRINGING MORE ENERGY TO THE LONE STAR STATE WITH ITS PLATINUM ENERGY SOLUTIONS (FRAC) CORPORATION. THE HOUSTON, TEXAS HEADQUATER COMPANY WILL BE ADDING TO HOUSTON’S ALREADY STRONG CONOCO
    PHILLIPS (COP) AND IRVING’S GLOBAL EXXON (XOM) AS AN OILFIELD SERVICE COMPANY TO RIVAL HALLIBURTON (HAL), SCHLUMBERG (SLB), AND SWITZERLAND’S
    TRANSOCEAN (RIG) RIG PROVIDERS. NO NEWS YET OF AUTO MAKER OF SHELBY. THE SPORTS CAR COMPANY HAD A KHARDASIAN AS ITS SPOKES MODEL. ZENIX IN CHINA NEXT IPO HEADED TO THE NEW YORK STOCK EXCHANGE. IT CURRENT ASIAN PARTNER
    TATA MOTORS (TTM) OF INDIA IS ONE OF THE COMPANY’S BIGGEST CUSTOMERS WITH
    JUST UNDER NINE PERCENT IN SALES. AND WILL ADD TO DETROIT’S AUTO SHOW ALREADY GROWING ANNUAL GLOBAL CAR SHOW. COMPETING WITH THE LIKES OF FORD
    MOTORS (F), VOLKSWAGEN (VLKAF), AND FIAT (FIATY) FOR INTERNATIONAL MARKET
    REVENUES. ZENIX’S COMMERCIAL TRUCK BUSINESS SHOULD BRING IN THE BUCK OF THERE REVENUE. RIVELING OSHKOSH (OSK), DAIMLER (DDAIF), AND VOLVO (VOLVY)
    IN THE COMMERCIAL TRUCKING BUSINESS.

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