Facebook, having hit the 500 investors market, has only a few days left to make the steps needed to become a fully public company, and among those steps are an initial public offering of stock. There’s Facebook stock for sale out there on the private market, but the company has got to make a step onto Wall Street to continue along this path. Hence, there’s speculation that, before Wednesday, Facebook will officially file its IPO. Facebook is expected to rake in a massive $10 billion dollars in the endeavor, valuing the company at an incredible $100 billion dollars.
The IPO, if it is indeed $10 billion, will immediately become one of the world’s 25 largest IPOs. It’s way ahead of Zynga and Groupon (two recent public IPOs of tech stock), but well behind GM’s $15 billion IPO as one of the largest in American history. However, Facebook and Visa’s $17-billion-dollar IPO trail US record holder Visa Inc.’s $17.9 billion IPO in March 2008 and world-record holder Agricultural Bank of China Ltd., which had a $19.3 billion dollar IPO in July 2012.
However, Facebook’s rumored IPO will be the biggest for any tech company in history, giving Facebook the advantage once again over Google and its other rivals, so that might be a nice present for Facebook kingpin Mark Zuckerberg.
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