Facebook mulls $10bn May IPO
Dominant social media player Facebook has reportedly penciled in the third week of May as the most likely date from which to launch its long mooted stock offering.
The firm is hoping to raise an impressive $10bn from what would be the world’s largest technology float by selling a 10% stake in the firm – valuing the total company at $100bn.
To meet the timetable for such a float Facebook must file documents for review by America’s Securities and Exchange Commission within the next month, according to the Wall Street Journal
Financial public relations specialists the Brunwick Group are thought to have been appointed to manage the listing.