Facebook, which has about 800 million users worldwide, is currently in “internal discussions” with US regulator Securities and Exchange Commission regarding the timing of its initial public offering. Facebook is looking to go public with revealing Facebook IPO between April and June next year, the Wall Street Journal quoted people familiar with the matter as saying. Facebook is considering raising $10 billion in an IPO that could value it at more than $100 billion. That would be one of the largest offerings ever- bigger than other social media IPOs like LinkedIn, Groupon and Pandora; which have been trickling on to the public stock market this year. And also more than four times as big as Google’s $23 billion IPO in 2004.
The Wall Street Journal‘s sources cautioned that Facebook has not made any final decisions in its internal discussions about the timing of its filing — and that market conditions will ultimately determine how much money the company seeks and the value of the company.
Facebook is coming under pressure to list quickly as the number of its investors grows. Rules in the United States dictate that when a company has over 500 investors, it must disclose financial details.
However, reports also indicate that Facebook wants to go public in order to reward long-term shareholders and investors.