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Tuesday, November 29, 2011

Facebook IPO Next Year

FACEBOOK CASHING IN? Facebook is now in discussions with the SEC over when to hold an IPO of its stock, according to the Wall Street Journal, which could take place sometime between April and June of next year. The company hopes to raise $10 billion in an offering which would value it at more than $100 billion. Sources note that Facebook has crafted an internal prospectus and is ready to go public, though CEO Mark Zuckerberg has reportedly yet to fully sign off on an IPO. (11/29a)

 
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