Featured Articles

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC has announced that it will begin volume production of 16nm FinFET products in the second half of 2015, in late…

More...
AMD misses earnings targets, announces layoffs

AMD misses earnings targets, announces layoffs

AMD has missed earnings targets and is planning a substantial job cuts. The company reported quarterly earnings yesterday and the street is…

More...
Did Google botch the Nexus 6 and Nexus 9?

Did Google botch the Nexus 6 and Nexus 9?

As expected, Google has finally released the eagerly awaited Nexus 6 phablet and its first 64-bit device, the Nexus 9 tablet.

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

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