Facebook Set To Go Public By April 2012
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Facebook will starts disclosing key financial data or file for an initial public offering by April 2012, according to a private-placement memo being distributed to potential investors, the Wall Street Journal reported.
Facebook will breach the critical 500-shareholder later this year, the documents stated. Passing this milestone triggers reporting requirements with the SEC even if the company isn't public.
The disclosure lays to rest speculation that Facebook's recent private share offering with Goldman Sachs (NYSE: GS) would curtail such disclosures.
Facebook will breach the critical 500-shareholder later this year, the documents stated. Passing this milestone triggers reporting requirements with the SEC even if the company isn't public.
The disclosure lays to rest speculation that Facebook's recent private share offering with Goldman Sachs (NYSE: GS) would curtail such disclosures.
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