Facebook IPO

facebook_ipoAs reported by the business newspaper The Wall Street Journal, social network Facebook will have an IPO on February 1 supported by the world’s largest bank Goldman Sachs.

The company’s estimation is about 70-100 billion $, but how much exactly is unknown yet. If Facebook starts trading shares, it will have to reveal its financial information. The social network now has about 800 million registered users, this is the only thing which is known for certain about the company.

Facebook IPO is needed for supporting further service development, the company plans to get about $ 10 billion profit out of the IPO.

Dmitry Oreshko

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