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Facebook Evidently Looking to Go Public in Late May

It’s been quite a time that we are hearing about the Facebook’s IPO. It all started back in the mid of last year when rumors began surfacing and till then we have seen mixed reports about the IPO. However, All Things D has reported recently that the social networking titan is planning to go public in late May this year.

The online technology publication quotes different sources claiming that if the social networking giant wants its IPO late in May, then it has to submit its S-1 filing before the end of next month, considering the “Securities and Exchange Commission usually takes about three to four months.”

It was reported back in June 2011 that Facebook was planning to file S-1 towards the end of the year in preparation of IPO in 2012. However, CNBC indicated that the social networking giant would look at the valuation that surpassed $100 billion, with share prices standing at $100 million mark.

COO of Facebook Sheryl Sandberg said earlier few weeks that the social networking giant’s IPO was ‘inevitable’ and it was certainly “a process that all companies go through.”

It is speculated that the social networking giant will hit the mark of 1 billion users by the summer this year. The company expected to hit revenue of $4 billion by the end of third quarter of 2012.  Facebook’s forthcoming IPO may possibly entice the next crop of angel investors, making it the one of the biggest public web offerings ever across the globe.

 

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