Report: Facebook to consider IPO or financial disclosure

Facebook to become public in 2012

Facebook will begin to publicly disclose its financial information or sell stock in an initial public offering by April 2012, according to a news report from [The Wall Street Journal].

Facebook, a privately held company, has offered the 2012 timeline in a memo it is distributing to potential investors, the Journal reported. The social-networking website will reach a 500-shareholder limit this year, after which it must begin publicly disclosing financial information under U.S. Securities and Exchange Commission rules, the investor memo said.

Earlier this week, [news reports said Goldman Sachs] had invested US$450 million and Russian investment firm Digital Sky Technologies $50 million in Facebook. About the same time, the SEC opened an inquiry into private share trading at Facebook and three other tech companies, according to news reports.

A Facebook spokesman didn't immediately respond to a request for comment on a potential IPO.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Grant Gross

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?