Some breaking news! Mark Zuckerberg of Facebook filed paperwork with the Securities and Exchange Commission today for a $5 billing IPO. This will likely turn out to be the largest and most published Internet offering ever. It is hoped that this will breathe new life into the IPO and capital markets and generate millions of dollars in fees for investment banks.
Rather than go public several years ago Zuckerberg made the decision to grow the company’s business model “away from the scrutiny of analysts and shareholders”. This was quite evidently a great decision. Facebook is worth more than $80 million and it’s though that the offering will value the company at $100 billion—more than twice as big as eBay.
Altough $5 billion is half of what reports indicated, it still ranks as the largest global Internet IPO ever.
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