Press Here
SUNDAYS @ 9 AM
NBC BAY AREA

Facebook IPO To Be Valued at $100 Billion: Report

Number would be record opening for any tech company.

Email
|
Print

    NEWSLETTERS

    Mark Zuckberg recently told Charlie Rose that his company has no timetable on going public but Tuesday a different story was floating around the web.

    "A person with knowledge of the matter" told The Washington Post that not only is Facebook looking to go public but the company is planning an initial public offering worth more than $100 billion.

    The source says that Facebook may file for an IPO before the end of the year but an exact date hasn't been determined.

    Facebook would be looking to raise about $10 billion with its IPO, which would be more than any other tech IPO.

    But the report is still premature. There is still plenty of time for things to change.

    Just last year there were reports of Facebook going public when the Palo Alto-based startup raised $1.5 billion in funding from Goldman Sachs.