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Report: Facebook Targeting $100 Billion IPO Valuation April-June 2012

     

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4:53 pm on Nov 29, 2011 (gmt 0)

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Report: Facebook Targeting $100 Billion IPO Valuation April-June 2012 [online.wsj.com]

Facebook Inc. is inching closer to an initial public offering that it hopes will value the company at more than $100 billion, according to people familiar with the matter.

The social networking firm is now targeting a time frame of April to June 2012 for an initial public offering, said people familiar with the matter. The company is exploring raising $10 billion in its IPO—what would be one of the largest offerings ever—in a deal that might assign Facebook a $100 billion valuation, a number greater than twice that of such stalwarts as Hewlett-Packard Co. and 3M Co.
 

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