According to industry insiders, Facebook is set to roll out its IPO next year . The company is said to be targeting 2012's second business quater for its shares to go public. According to Bloomberg, Facebook is currently considering a $10 billion Initial Public Offering valued at more than $100 billion.

Facebook’s $100 billion valuation would be twice as high as it was in January, when the company announced a $1.5 billion investment from Goldman Sachs Group Inc. and other backers.

If Facebook decides to wait until 2012 for its IPO, it would be to give Chief Executive Officer Mark Zuckerberg more time to gain users and boost sales.

Facebook, which boasts more than 800 million users, also is increasing its focus on mobile technology, aiming to take advantage of the shift to smartphones and tablets. The company expects its next one billion users to come mainly from mobile devices, rather than desktop computers. 

Read more on Bloomberg.

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