Wednesday March 28, 2012

Facebook Targeting May IPO

It’s looking like May will be the month Facebook will finally get a chance to be the largest-ever Internet IPO on record. Facebook, according to observers, has all of the signs of preparation to go IPO, but exactly when in May is still unknown. The IPO could generate $10 Billion in revenue and raise the value of Facebook to $100 Billion.

Although the secondary market is still young, it is routine for companies to halt trading before an IPO to have time to account for its current shareholder base.