Facebook preparing for an IPO

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CORONAVIRUS IMPACT

Facebook is preparing for an IPO that is expected to surpass $100 billion, according to a new report.

If the forthcoming initial public offering surpasses $100 billion, it would be one of the largest in history, quadrupling Google’s $23 billion IPO in 2004. Only a couple dozen U.S. companies, including lions of corporate America such as Exxon Mobil, General Electric and J.P. Morgan Chase, have stock-market values above $100 billion.

CNBC reported the social networking website is expected to go public during the first quarter of 2012, which falls in line with a May 2012 deadline when Facebook will be required to publicly report its financial information, regardless of whether it is still a private or public company.

Facebook’s  valuation will very much likely reflect LinkedIn’s stellar IPO performance.

Goldman Sachs  invested $450 million in Facebook earlier this year. Goldman is seen by market analysts as capable of moving the market.

Facebook’s COO Sheryl Sandberg, recently said a Facebook IPO is “inevitable.”

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