Report: Facebook to File IPO in 2012

Social networking giant Facebook will likely go public in the first quarter of 2012 with a valuation that could top 100 billion U.S. dollars, U.S. media recently reported.

The Palo Alto, California-based company will have to confirm the move by the end of the year in Securities and Exchange Commission filings, according to the report.

Facebook’s earnings are expected to exceed $2 billion this fiscal year.

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Submitted On: 14 Jun 00:04 by Wendy