In 2 days, Facebook will be filing paperwork to launch their IPO (initial public offering). What does this mean for the tech world?
According to the Wall Street Journal, Facebook is on the eve of starting the process for their IPO. This upcoming Wednesday, they will be filing the paperwork to launch their IPO! There are no comments at this time from Facebook but according to Mashable Social Media, the Wall Street Journal is a reliable source in such hushed matters. Let’s see what Mashable Social Media says about this giant IPO that Facebook is preparing for:
If it comes to pass, this will be the largest tech IPO in history, yielding around $10 billion for the social network. The next-largest tech IPO is Infineon, a German company that raised $5.9 billion in 2000. Google’s 2005 IPO, as big a deal as it was, didn’t even reach the $2 billion mark.
To surpass Google, CEO Mark Zuckerberg has managed to create an incredible business that has redefined social media. To prepare for this undertaking, Facebook has implemented many changes and introduced many new applications to enhance those changes. We saw this firsthand with the introduction of the new Timeline. Refresh your memory by reading our article here. Even more changes were implemented to compliment the Timeline. Review those changes by clicking here to see our article discussing them. Even prior to those changes, we reported to you the 5 year deal with Zynga as Zynga prepared for their IPO. Refresh your memory here on the meetings between Mark Pincus and Mark Zuckerberg.
The many changes in a short time is a good indicator of things to come. Once the paperwork is filed for the IPO, Facebook will be required to enter what is called a “quiet period”. In that time, they will not be allowed to make additional product announcements or make any public statements, even in the form of interviews.
Mashable Social Media offers more indepth information regarding Facebook’s upcoming IPO. Read their article here. Also, they have linked a video discussing where Facebook ranks in the bigger IPO offerings.
What do you think of the Facebook IPO? Do you believe it will be as successful as is predicted? Tell us your thoughts below. We love hearing from you!
