Things that just limited to adventure novels or only found in the contracted lap of luxury may come in concrete for at least one thousand Facebook employees. The world’s No.1 social networking firm is venturing to create one thousand millionaires. The initial public offering of the popular social network is expected to value the firm at over $100 billion which will take it on top of the hood among Silicon Valley’s coming out firms. According to reliable sources, the targeted time frame for the IPO is April 2012 to June 2012.
The company is looking ahead to raise $10 billion in initial public offering that would become the greatest offerings ever. The deal would assign the company a $100 billion valuation that’s twice as greater than the value of several tech stalwarts. Many financial experts are viewing much anticipated Facebook IPO as a defining moment for the current boom in the web investing.
Larry Yu, a Facebook spokesman, says: “The social network is not going to take part in the current speculation about the IPO. Facebook now seems quite poised to look forward with the deal, but it’s coming to the market at a moment when several investors are questioning regarding newer online businesses value. Facebook employees you must hatch plans to spend your millions, but also bear in mind that weak financial markets can downsize or even postpone any initial public offerings.