Facebook is expected to make its long-awaited initial public offering (IPO) in the third week of May, according to US reports.
If FaceBook plan to go public in May,must file its IPO documents within the next month, given that the review by the Securities and Exchange Commission usually takes about three to four months. It will also likely draw a lot of scrutiny due to the size of its user base, which numbers 800 million people but is expected to hit 1 billion by the end of the year.
Groupon, for example, filed for its IPO in early June, but did not go public until five months later in November.
Facebook IPO is expected to be one of the largest Web offerings ever — with some reports saying the company will be raising $10 billion on a $100 billion valuation.
Apple’s current valuation of US$390 billion,Amazon’s US$81 billion and Hewlett-Packard’s US$52 billion.
