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Facebook IPO valuation could top $100 bn: Sources

Facebook IPO valuation could top $100 bn: Sources

14 June 2011 07:36 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. Facebook, the social-networking site that is one of the most closely-watched private companies in the world, is likely to go public by the first quarter of 2012, say people familiar with the matter, at a valuation that could be pegged at north of USD 100 billion.

The company’s IPO, were it to happen by next spring, would probably be triggered by a section of the 1934 Securities and Exchange Act known as "the 500 rule," these people say.

Essentially, the rule mandates that once a private company has more than 500 investors, it must begin releasing quarterly financial information to the Securities and Exchange Commission, just as public companies do.

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