Facebook Valuation Pushes Above $100 Billion; IPO Expected in Q1 of 2012
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Facebook is now expecting to go public in the first quarter of 2012 with a valuation that may top $100 billion, reports CNBC's Kate Kelly.
The company will not be able to release its IPO any sooner due to SEC rules which require companies with more than 500 private investors disclose financial information.
Facebook is currently facing internal pressure from employees who are unable to sell off their private share on the secondary market due to internal restrictions.
CNBC reports SharesPost last sold 100,000 shares of Facebook for $3.4 million, which represents a company valuation of $85 billion.
Back in March, General Atlantic purchased one tenth of one percent of Facebook at a deal which valued the company at $65 billion. This came weeks after Goldman Sachs (NYSE: GS) bought a $1.5 billion stake in the company. At the time, this investment raised the value of the company to $50 billion.
If the company maintains this growth rate, it should have no trouble opening with a more than $100 billion valuation, though some sources have noted growth has seen a bit of a slowdown in several key regions.
How much is $100 billion? Recent valuations of competing Internet companies:
The company will not be able to release its IPO any sooner due to SEC rules which require companies with more than 500 private investors disclose financial information.
Facebook is currently facing internal pressure from employees who are unable to sell off their private share on the secondary market due to internal restrictions.
CNBC reports SharesPost last sold 100,000 shares of Facebook for $3.4 million, which represents a company valuation of $85 billion.
Back in March, General Atlantic purchased one tenth of one percent of Facebook at a deal which valued the company at $65 billion. This came weeks after Goldman Sachs (NYSE: GS) bought a $1.5 billion stake in the company. At the time, this investment raised the value of the company to $50 billion.
If the company maintains this growth rate, it should have no trouble opening with a more than $100 billion valuation, though some sources have noted growth has seen a bit of a slowdown in several key regions.
How much is $100 billion? Recent valuations of competing Internet companies:
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