Facebook’s time to cash in may finally be here. Reports are out that the social network may be filing for its initial public offering (or IPO) on Wednesday. With a reported intent to raise $10 billion in a $75-100 billion valuation, this will likely be one of the largest IPO’s in history.
As for the details, Morgan Stanley (MS) is “close” to being hired to handle the deal, while Facebook investor Goldman Sachs (GS) will probably play a “major role.” (via Bloomberg)
And as for the stock ticker, the New York Post reports that “FB” has been selected, although the exchange is still undecided. (via Business Insider)
Venture Capital
One question swirling right now is whether this will mark the beginning of another “VC Boom.” The answer, according to the Wall Street Journal, is mixed.
“Big technological shifts like cloud computing and social media are fueling fundraising,” writes columnist John Jannarone. And if the IPOs keep coming, venture fundraising should continue to benefit. But an outright venture capital renaissance is a ways off. (via Wall Street Journal)
The reason being that the number of funds has been decreasing since 2009, reflecting a concentration of fundraising to only the VC’s with the best reputations.
Business Section: Investing Ideas
Interested in the prospects of Facebook as a publicly traded stock? To get a closer look at the investment landscape, we list below Facebook’s 10 largest competitors in the “Internet Information Providers” industry. Do you think they have a fighting chance?
Use the Turbo Chart to Compare the Performance of the First Two Companies in the List to the S&P 500:
1. Google Inc. (GOOG) Market cap at $187.85B.
2. Baidu, Inc. (BIDU) Market cap at $45.85B.
3. Yahoo! Inc. (YHOO) Market cap at $19.52B.
4. Groupon, Inc. (GRPN) Market cap at $12.78B.
5. LinkedIn Corporation (LNKD) Market cap at $7.48B.
6. Zynga, Inc. (ZNGA) Market cap at $7.03B.
7. Yandex N.V. (YNDX) Market cap at $6.69B.
8. Akamai Technologies, Inc. (AKAM) Market cap at $5.74B.
9. TripAdvisor Inc. (TRIP) Market cap at $4.17B.
10. Youku Inc. (YOKU) Market cap at $2.64B.
*Written by Alexander Crawford.
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