Following rumours of an imminent IPO, it looks like Facebook will indeed go public sooner than later.
According to a report in The Wall Street Journal, Facebook will debut on the stock market between April and July of next year. People “familiar with the matter” say that Facebook is considering filing with the SEC as early as this year, but CEO and founder Mark Zuckerberg has not made a final decision.
The company apparently plans to raise up to $10 billion at a staggering $100 billion-plus valuation, which would suggest the promise of incredible long-term revenue growth considering its current revenue of roughly $4 billion in 2011. Groupon’s tanking stock should serve as a cautionary tale for Mark about over-valuing tech companies, while the painfully stretched-out demise of MySpace should serve as a cautionary tale for potential investors.