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Facebook's October IPO, to push firm's value up to $100 billion
Facebook is preparing to file for an initial public offering as early as October or November that could value the popular social networking site at more than $100 billion
- Reuters
- Published: 21:37 June 13, 2011
New York: Facebook is preparing to file for an initial public offering as early as October or November that could value the popular social networking site at more than $100 billion, financial news channel CNBC reported on Monday.
Goldman Sachs is leading the chase to manage the lucrative offering, which could come in the first quarter of 2012, CNBC said.
'Inevitable'
Facebook, whose chief operating officer last month called an IPO "inevitable," declined to comment.
Professional networking site LinkedIn Corp launched its own IPO last month, valuing the company at about $7 billion.
Earlier this month, daily deals site Groupon Inc filed to raise up to $750 million in an IPO, fuelling speculation that Internet valuations have become too rich.
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