Featured Articles

Intel releases tiny 3G cell modem

Intel releases tiny 3G cell modem

Intel has released a 3G cellular modem with an integrated power amplifier that fits into a 300 mm2 footprint, claiming it…

More...
Braswell 14nm Atom slips to Q2 15

Braswell 14nm Atom slips to Q2 15

It's not all rosy in the house of Intel. It seems that upcoming Atom out-of-order cores might be giving this semiconductor…

More...
TSMC 16nm wafers coming in Q1 2015

TSMC 16nm wafers coming in Q1 2015

TSMC will start producing 16nm wafers in the first quarter of 2015. Sometime in the second quarter production should ramp up…

More...
Skylake-S LGA is 35W to 95W TDP part

Skylake-S LGA is 35W to 95W TDP part

Skylake-S is the ‘tock’ of the Haswell architecture and despite being delayed from the original plan, this desktop part is scheduled…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 29 March 2012 07:59

Facebook reportedly on track for IPO in May

Written by Jon Worrel

facebook

It was simply filing papers back in February

Back in February, the Wall Street Journal reported that Facebook, the world's largest online social network, could file for its Initial Public Offering (IPO) as early as the first of the month, according to spokesmen people familiar with the matter, the company's lead underwriters at Morgan Stanley, and company manager Goldman Sachs Group.

But alas, the truth has been revealed and the Wall Street Journal now reports that the company was simply filing papers back in February, while the actual IPO is expected to happen sometime in May. Facebook is still in discussions with the United States Security and Exchange Commission over the IPO and "expects to file at least one more amendment to its S1 registration papers."

According to the latest update surrounding the situation, the company last filed an amended S1 earlier this week on Tueday. But ever since it filed papers in February, the company has seen plenty of demand for its shares on the secondary market, boosting its overall valuation to around $105 billion (up from $100 billion).

Once again, we would like to say that Mashable has published a convenient article titled Everything You Need to Know About Facebook's $100 $105 Billion IPO which can be found here.

Jon Worrel

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments