Facebook is finally, after years and years of being a hot commodity, filing their initial public offering (IPO), with paperwork speculated to be in by Wednesday, February 1, at least according to the Wall Street Journal.
If this indeed comes to pass, it will be the largest technological IPO in history, bringing in a cool $10 billion for the social network giant. That valuation yields the company as a whole to be worth around $100 billion! To put it into perspective, GoogleÂ—who filed their initial public offering in 2005Â—yielded a measly not-quite $2 billion. No big deal, right? Wow.
As for what Facebook has to say on the matter, well, they're holding mum for the time being. The Wall Street Journal, however, has a pretty impressive track record with their speculation, and with the site having halted trading in secondary markets for the past three days, well, it seems highly likely that reports are correct.
What do you think about Facebook's IPO going public next week? Are you surprised they're potentially worth around $100 billion?!