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Facebook ready for $100bn flotation at any moment

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By John Glenday, Reporter

November 29, 2011 | 1 min read

Social networking giant Facebook is preparing for a $10bn public stock offering this spring which could value the company at $100bn.

Facebook founder Mark Zuckerberg is remaining tight lipped about any possible IPO but is thought to be ready to go for a flotation at any moment.

Irrespective of that decision Facebook must file financial information with the Securities and Exchange Commission by April 30, 2012 – a legal requirement after the website confirmed it would surpass the critical 500 shareholders mark this year.

It is likely therefore that any flotation would take place shortly thereafter, with April-June cited as the most probable window.

Facebook’s revenue in the first six months of 2011 is thought to have doubled year-on-year to £1bn.

Cash generated as a result of the windfall is likely to be diverted into the development of a long rumoured ‘Facebook Phone’ or a netbook.

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