According to the WSJ Facebook will begin disclosing financial information or stage an initial public offering by April 2012, according to a new 100-page private-placement memo now being distributed to potential investors in the company.
The social-networking company said in the document that it intends to breach a critical 500-shareholder limit this year.
Under SEC rules once a company has more than 500 shareholder’s the company must file financial information, even if their shares don’t trade publicly.
This comes on the heals of Goldman’s investment in Facebook which put the companies valuation at $50 Billion.
Reuters is reporting that Facebook in information supplies to Goldman reportedly earned $355 million in net income in the first nine months of 2010 on revenue of $1.2 billion.
That would be around $500 Million for the year or a 100X earnings based on a $50 Billion valuation
In other news today it appears that Linkedin is planning on filing for its own IPO in the first quarter of 2011.
Hello Mike,
BINGO! The old Garde had better wake up and be more pro-active for the times they are a changing. Our prediction MASSIVE new leadership names off the bow and approaching. Either Create, Re-evaluate and then create or move out of the way.
Gratefully, Jeff Schneider (Metal Tiger)
http://www.bizjournals.com/orlando/stories/2000/08/07/story8.html
Jeff —> this is the most ridiculous link I have ever seen…are you on drugs…?
How did you find this industry-leading blog and yet you are clueless about this industry…?
Your PR link (complete disaster) combined with your “company site” has me speechless this evening, good night and good luck.
Wow.
I cant wait for the IPO for facebook…
The valuation is going to be too high…
The stock price is going to keep falling…
Short the stock into bankruptcy…
Easy Money…
Anyways, let me tell you guys how to make very easy money this month…
Buy Apple stock now…AAPL
Apple is going to report very strong earnings on Jan. 18th…ipad sales have been very strong.
Apple is going to announce Verizon Iphone very soon!
Then they are also coming out with new ipad2…
Also coming out with new ipods and new macs…
Apple stock is going higher…way higher…buy it now or just keep watching it go higher…
Easy Money!!!
Smart Move, by 2012 Facebook will be in decline.
no
@Anunt
Thx for the AAPL tip!
My thoughts exactly for the Facebook IPO – easy money.
Creating/capitalizing on destruction is so much easier than creating “real” profits & a real actionable business plan.
All the talking heads will hype the shit out of the IPO & the unwashed will buy it up like crazy. Next, the ass-end will fall out & the shorts properly placed will clean up nicely.
@Mike
Your $500 billion valuation on the bottom of the article is incorrect. The correct amount is $50 billion. I’m sure you added an extra 0 on accident, and meant to put $50 billion instead of $500 billion.
@EFY
Thanks for the link. The article on USebiz.com was comedic. IMO, that domain is not worth a grain of sand compared to business.com. However, interesting assessment on the value of domains back in 2000.
an urban legend says that Facebook will close on March 15 of this year 🙂
UPDATE:
Goldman Sachs decided to exclude U.S. clients from the private offering of as much as $1.5 billion in shares of social-networking company Facebook, citing “intense media attention.”
In a statement provided to The Wall Street Journal, Goldman said the move came after officials at the New York securities firm “concluded the level of media attention might not be consistent with the proper completion of a U.S. private placement under U.S. law.”
http://online.wsj.com/article/SB10001424052748703396604576087941210274036.html?mod=djemalertMARKET