Facebook is set to go public sometime between April and June 2012. According to a report by the Wall Street Journal, Facebook is discussing the timeline of when to file with the Securities and Exchange Commission for the IPO, which could possibly be by the end of the year. However, the report states Chief Executive Mark Zuckerberg has not made any official decisions. They have constructed an internal prospectus and are ready to go public at anytime.
The report also says that Facebook is thinking about raising $10 billion in an IPO, which could value the company at more than $100 billion. The market and the European economy will play a large part on what the final value of the company will be and how much money it will look for in an IPO.
The company has not decided what banks it will use. However, CFO David Ebersman has been talking to Silicon Valley bankers about the IPO and Goldman Sachs (NYSE:GS) has aggressively bid for the business. Also note Microsoft (NASDAQ:MSFT) holds a significant investment in Facebook.
When Google Inc. (NASDAQ:GOOG) debuted in 2004, it was worth $27 billion — the deal raised less than $2 billion. Google’s market capitalization today is around $185 billion.