Social networking giant Facebook should finally go public in early 2012 with a valuation of more than $100 billion, according to a brief CNBC report citing “people familiar with the matter.”
It said the company is likely to start filing SEC disclosure reports at the end of this year, a requirement once it has more than 500 investors.
Facebook is also facing internal pressure from current employees who, because of internal restrictions, cannot sell their private shares on the secondary market, according to these people.
I wonder if it will list as FB.
One beneficiary of the stock offering could be Microsoft, which invested $240 million in Facebook in 2007, receiving a 1.6 percent stake in the company.
At the time, the deal valued Facebook at $15 billion. Now it’s approaching the value of Microsoft, which has fallen to $203 billion with the stock at $24. Maybe investors aren’t factoring in the Facebook stake.