Could Facebook go public as early as the third week of May? That’s what ‘multiple sources’ are telling Kara Swisher of AllThingsD, one of the top tech reporters in the business. She writes that, to hit that target, Facebook ‘must file its IPO documents within the next month,’ given SEC timeframes. It would be an earlier filing than many expected, since Facebook wouldn’t be required to file with the SEC because of the 500-investor rule until April.
Of course, Swisher adds: ‘The usual caveat on the late May timing (even though I called 143 people on this one): This IPO planning could all change in a New York minute to another month.’
This could be an interesting effort for Facebook. According to Swisher, Facebook booked close to $4 bn in revenue last year and is forecasted to be ‘higher by another third’ this year. The company will need it. She notes that the leadership ‘is still warning that its focus is on products over dollars’, a perspective that isn’t likely to resonate with investors.
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Source: AllThingsD
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