Facebook may take company public in May
Reports create a buzz online that social network may file paperwork for IPO in next month
Computerworld - Reports were circulating Tuesday that Facebook will launch its initial public offering in May.
The Internet has been abuzz since an initial report came out on All Things D, citing unnamed sources, that the social network's long-anticipated IPO is expected in the third week of May.
All Things D reported that if Facebook is to make a May IPO, executives would need to file the paperwork within the next month, noting that the U.S. Securities and Exchange Commission generally takes three to four months to review filings.
Facebook, which has a reported 800 million users worldwide, is expected to raise about $10 billion in its IPO.
The social networking company said it won't comment on speculation about an IPO.
"This could be the biggest IPO we've seen in years," said Zeus Kerravala, principal analyst with ZK Research, in a previous interview. "There definitely is value in communities and being able to facilitate conversation. With 800 million users, that's about 10% of the world population connected through Facebook."
The social network, which now has enough industry power to compete with Google, is largely thought to be a bellwhether for the staying power and investment potential of the social networking arena in general.
Sharon Gaudin covers the Internet and Web 2.0, emerging technologies, and desktop and laptop chips for Computerworld. Follow Sharon on Twitter at @sgaudin, on Google+ or subscribe to Sharon's RSS feed . Her e-mail address is firstname.lastname@example.org.
Read more about Web Apps in Computerworld's Web Apps Topic Center.
- How Network Connections Drive Web Application Performance Users around the globe, on all sorts of devices, expect Web applications to function as seamlessly as desktop applications. This paper discusses the...
- The Truth About Virtual Computing for CAD If you're a user of graphics-intensive software such as 3D modeling, simulation and analysis, and visualization, you might be skeptical about moving to...
- Going Paperless? Here's What You Need to Think About As makers of some of the world's most popular PDF solutions, we often consult with businesses & governmental agencies that have the goal...
- ESG Lab Report: Virident FlashMAX Connect Performance Advantage with vCache on a single Oracle instance View Now>>
- What should I look for in a Next Generation Firewall? SANS Provides Guidance With so many vendors claiming to have a Next Generation Firewall (NGFW), it can be difficult to tell what makes each one different....
- Why Are Customers Really Deploying an NGFW? It seems every IT Security expert is talking about the NGFW, but what are people really doing? This webcast covers 5 real-world customer... All Web Apps White Papers | Webcasts