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
- Panel discussion over vote bank politics on Hinduism
- DNA: Terrorists' new strategy of snatching weapons from Indian security personnel
- Panel discussion over delayed development in Ayodhya
- Don't give any importance to Ramgopal Yadav's remarks: Mulayam Singh Yadav
- Watch: Report on delayed development in Ayodhya
- Pakistan's brutality exposed; `Black Day` protesters thrashed in PoK - Video goes viral
- WATCH: Akhilesh Yadav's emotional speech revealing the real reason behind Samajwadi Party crisis; he was about to cry
- India vs New Zealand: Awestruck Kiwis witness MS Dhoni driving his Hummer in Ranchi, and photo goes viral
- Pakistan High Commission staffer, briefly detained for espionage, asked to leave India in 48 hours
- Lashkar-e-Toiba claims responsibility for Uri attack in posters pasted in Pakistan town