Facebook IPO to set records


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Tue, 2012-01-31 07:52 - By  

Facebook is expected to file its IPO this week, which could set several records if the company is valued at $75bn- $100bn. A $10 billion Facebook offering would rank fourth among IPOs for U.S. companies, behind Visa Inc., General Motors Co. and AT&T Wireless.  It would also rank Facebook as the biggest U.S. Internet offering ever, replacing Google Inc., which raised $1.9 billion in 2004 at a $23 billion valuation. At a $100 billion valuation, Facebook would be worth about the same as McDonald's Corp.

 

Several sources have said the company is targeting an IPO sometime between April and June.

 
 
 

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