Facebook to be valued at over $100 bn in 2012
London: Social network Facebook is preparing to allow private investors to invest in the website next year, and hopes its first offering will value the company at over $100 billion, a media report said Tuesday.
The Wall Street Journal said a source familiar with the matter claims Facebook was preparing to launch an initial public stock offering (IPO) next year.
Facebook now reportedly has more than 800 million members, Sky News said.
Facebook`s chief financial officer David Ebersman has discussed a public float with bankers but founder and chief executive officer Mark Zuckerberg has not decided on any terms and his plans could change, the daily said.
The company was started seven years ago by Zuckerberg in a Harvard University dormitory room.
A Facebook representative declined to comment on the issue.
More from India
More from World
More from Sports
More from Entertaiment
- Will Akhilesh-Rahul alliance be able to trump BJP in UP elections?
- Arms case: Salman Khan acquitted by Jodhpur court
- Raisina Dialogue 2017: Pakistan must walk away from terror, says PM Modi
- DNA: Analysis of insensitivity shown by political leaders over rising poverty in India
- Valour of a soldier: CRPF officer Satwant Singh fights Naxals till his last breath
- World's 30 most dynamic cities: Check out the full list
- WATCH: Kieron Pollard's incredible one-handed six demoralises Fawad Ahmed
- China State TV said that its troops can reach New Delhi in 48 hours in war scenario; Indians slay it with their replies
- China's NSG stand is neither fair nor transparent, says Defence Expert
- Bengaluru pips Silicon Valley to become world's most dynamic city