Facebook could go public this week with $10B in stock and a valuation at $100B. How did our status updates and vacation photos turn into tech's biggest IPO ever?
According to the International Financing Review, Facebook will be filing to raise $5 billion in a preliminary initial public offering prospectus on Wednesday morning. IFR cites unnamed people close to the deal as its source for
Facebook is in no hurry to go public. It has unlimited access to private capital, as last year's Goldman Sachs(GS) sponsored deal demonstrated. Even after Goldman excluded US investors from its offering, its Goldman funds were oversubscribed.
Jan. 31 (Bloomberg) — Bloomberg's Jon Erlichman reports the impact of Facebook Inc.'s initial public offering on the company's employees and corporate culture. Erlichman speaks on Bloomberg Television's "Bloomberg West.
31 (Bloomberg) — Facebook Inc.'s Sheryl Sandberg recently threw a fundraiser for President Obama, dining with Lady Gaga and the president himself. Last week, she was a highly visible co-chair of the World Economic Forum in Davos, Switzerland.
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