14 Jun '11, 12am

Facebook is likely to go public in early 2012 with a valuation of over $120 billion: Report

Facebook CEO Mark Zuckerberg speaks during a news conference at Facebook headquarters in Palo Alto, California. -- PHOTO: REUTERS WASHINGTON - SOCIAL network Facebook is likely to go public in the first quarter of next year with a valuation of over US$100 billion (S$123 billion), the CNBC business news network reported on Monday. Facebook chief executive Mark Zuckerberg has repeatedly said he is in no hurry to take the social network public but CNBC said the company may be forced to do so by Securities and Exchange Commission (SEC) regulations. CNBC said Facebook's decision to conduct an initial public offering could be triggered by an SEC requirement that companies with more than 500 private investors must disclose financial information. The network, citing 'people familiar with the matter,' said Facebook will likely report it has crossed that threshold at the end of this...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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