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Wednesday, February 1, 2012

Facebook shares on offer

Facebook is about to start the process of becoming a publicly-listed company according to sources.
The Financial Times and The Wall Street Journal have both stated that Facebook is due to file papers with the US Financial watchdog on Wednesday, (1st Feb, 2012).
Flotation will raise an estimated $10 billion later this year, making it one of the biggest share sales in Wall Street history.
Facebook is currently valued between $75-$100 billion, (approx. £50 billion).
Facebook have so far refused to comment.

Story Source: http://www.bbc.co.uk/news/business-16779779

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