FACEBOOK IPO: Going Public Will Create 1000+ Millionaires
Facebook is setting up an initial public offering (IPO) for next year, meaning the company will go public in Quarter 1 2012, Quarter 2 2012, or even later, depending and sources you want to consider. Assuming the social networking giant raises the anticipated $10 billion or so, giving it a valuation of around $100 billion, it will create more than 1,000 new millionaires.
Mark Zuckerberg has stated many times, both publicly and privately, that he is against the idea of stepping up the company into an IPO. Just last month, the young CEO said there is still no predictable timeframe for his company’s IPO. He’s anxious, like many company founders before him, that he’ll lose key employees to a simple barrier that outbreaks everyone: greed.
Some whispers say he wants to hang around until next September or later in order to keep employees paying attention on product developments. Some workers are supposedly keen to cash out in an IPO, but their boss wants to keep them around through next summer in order to complete certain feature rollouts.
The crux is, a Facebook IPO is approaching: the company restructuring around privacy and communication this week was no misfortune. The news involves it is actually coming sooner rather than later, but then again, holdups aren’t out of the question.
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