The Facebook IPO will be kind of a big deal when it happens, if you hadn’t guessed by now.
The company is said to be looking to raise about $10 billion in an initial public offering that would value the world’s largest social network at over $100 billion.
The company may, in fact, file for the IPO before the end of the year, according to sources.
Facebook’s $100 billion valuation would be double what it was in January, when the company announced a $1.5 billion investment from Goldman Sachs Group Inc. and other backers.
At $10 billion, the IPO would raise more money than any other tech offering in history. The amount would surpass that of the previous record holder, Infineon Technologies AG, which generated $5.23 billion in an IPO announced in 1999 and completed in 2000, during the dot-com boom.
Facebook expects to be required to disclose financial results by April 30, 2012, if it doesn’t go public by then. The company decided to wait until next year for its IPO to give CEO Mark Zuckerberg more time to gain users.
The site now boasts over 100 million users.