01 Jan '12, 3am

Long-awaited Facebook IPO, expected to be worth about US$10 billion, looms in the New Year

Facebook co-founder and chief executive Mark Zuckerberg has deflected talk of going public for years but it looks like it is finally going to happen in 2012. -- PHOTO: REUTERS NEW YORK (AFP) - Facebook co-founder and chief executive Mark Zuckerberg has deflected talk of going public for years but it looks like it is finally going to happen in 2012. 'The Facebook IPO will be the biggest financial event in the tech industry for 2012,' Forrester Research analyst Josh Bernoff said, and one of the biggest initial public offerings ever in the United States. Mr Nick Einhorn, an analyst at Renaissance Capital, said he expects Facebook to file its IPO paperwork with the US Securities and Exchange Commission (SEC) in the first quarter and start trading on Wall Street later in the year. With an expected deal size of US$10 billion (S$13 billion), Facebook would slip into sixth place o...

Full article: http://www.straitstimes.com/BreakingNews/TechandScience/S...

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