Facebook likely to go public in early 2012

FACEBOOK   ZYNGA   IPO

Global - Facebook is eying the second quarter of next year for its initial public offering, various overseas media have reported.

According to the Wall Street Journal sources have said the company is yet to decide on the banks that will assist the IPO but internal discussions over the timing of its filing are on.

The much-awaited IPO will value the social networking firm which boasts over 800 million users at a staggering US$100 billion.

Facebook will be required to make its financial information public by April, because the company will cross the 500-shareholder limit by the end of this year. The SEC requires companies with more than 500 shareholders to publicly disclose its financial information, said the WSJ.

Chief executive Mark Zuckerberg (pictured) has been delaying the IPO so "employees can stay focused on product developments rather than a pay-out" but he is warming to the idea according to insiders, the WSJ added.

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