21 November 2011 | Author: R Wood Media Intern
Facebook may be preparing to make an IPO filing before year's end, according to the whispering wind.
Rumours that pressure is mounting inside the walls of the Palo Alto have been circulating for several days, as insiders claim Facebook employees are keen to cash in on the success of the social network by taking the company public.
The implied-value of Facebook stock has steadily increased over the last several years - in 2007, Facebook was valued at $15 million, a figure that has since quadrupled.
As Facebook continues to grow in size and popularity, the social network has been actively recruiting an impressive talent pool of engineers and developers - sending some of the first employees into early retirement as they cashed in their success and left the social network in pursuit of other start-ups.
Pressure too is mounting elsewhere, as justification for keeping the Titanic-sized company private becomes more difficult - the 500 shareholder rule is currently cited as the main rationale for taking the company public.
At the start of the year, Facebook raised $1 billion (£634 million) in funding from Goldman Sachs, spurring rumours that an IPO wouldn't be far behind as they inevitably crossed the 500-shareholder mark.
"Even before the investment from Goldman Sachs, Facebook had expected to pass 500 shareholders at some point in 2011, and therefore expects to start filing public financial reports no later than April 30 2012," the company said in a statement.
According to TechCrunch, insiders are anticipating that Zuckerberg and co will make an IPO filing anytime between now and early next year, to no later than the end of 2012.
Taking the social juggernaut public will pose a new set of challenges for the company - and in the months following its IPO filing, focus will turn to keeping the company's best minds firmly in place and grow revenue.
Rumour mill turning about Facebook IPO
Facebook may be preparing to make an IPO filing before year's end, according to the whispering wind. Rumours that pressure is mounting inside the walls of the Palo Alto have been circulating for several days, as insiders claim Facebook employees are keen to cash in on the success of the social network by taking the company public.
The implied-value of Facebook stock has steadily increased over the last several years - in 2007, Facebook was valued at $15 million, a figure that has since quadrupled.
As Facebook continues to grow in size and popularity, the social network has been actively recruiting an impressive talent pool of engineers and developers - sending some of the first employees into early retirement as they cashed in their success and left the social network in pursuit of other start-ups.
Pressure too is mounting elsewhere, as justification for keeping the Titanic-sized company private becomes more difficult - the 500 shareholder rule is currently cited as the main rationale for taking the company public.
At the start of the year, Facebook raised $1 billion (£634 million) in funding from Goldman Sachs, spurring rumours that an IPO wouldn't be far behind as they inevitably crossed the 500-shareholder mark.
"Even before the investment from Goldman Sachs, Facebook had expected to pass 500 shareholders at some point in 2011, and therefore expects to start filing public financial reports no later than April 30 2012," the company said in a statement.
According to TechCrunch, insiders are anticipating that Zuckerberg and co will make an IPO filing anytime between now and early next year, to no later than the end of 2012.
Taking the social juggernaut public will pose a new set of challenges for the company - and in the months following its IPO filing, focus will turn to keeping the company's best minds firmly in place and grow revenue.
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