Facebook IPO Is Nigh, Should You Buy?
A number of media sources are reporting that Facebook will file for an initial public offering next week.
Apparently,Morgan Stanley is to be the lead underwriter. Goldman Sachs is also expected to play a major role.
Facebook, with its 800 million members, has become the new standard platform for communication between people.
The IPO is expected to raise about $10 billion with a valuation of at least$75 billion. By comparison, Google (GOOG) raised $1.9 billion in an IPO with a valuation of $23 billion back in 2004.
Previously the largest technology IPO was done by Infineon (IFX), a former semiconductor subsidiary of Siemens (SI).… Please click here or the title below to read more.
January 29, 2012