Facebook Inc. plans to become public company next year. Although there is no definite schedule for Facebook IPO plans, news emerged that Facebook will be listed on Wall Street between April and June 2012.
The news was reported by the business daily The Wall Street Journal and was quoted by Reuter’s news agency. According to a report from an anonymous source, Facebook targeting revenue approximately U.S. $ 10 billion once go public (IPO) next year.
Sources close to Facebook IPO plans revealed that the social media companies have not decided what the bank will be included in the go public process.
Facebook CFO, David Ebersman, has opened talks with the bankers in Silicon Valley about the IPO plan. But the founder and Facebook CEO, Mark Zuckerberg, has not given any details regarding the IPO decision.
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