It is anticipated that Facebook is preparing to go public with an initial public stock offering early next year. It is estimated that the IPO is set to take the value of the company to over $100billion.
With 3 of the 8 under 40 American billionaires a direct result of Facebook, the already colossally successful business is set to become even more so.
With such a large valuation, the company is valued at more than double that of computing giant Hewlett-Packard. Superb results for a company that is just 7 years old!
The flotation of Facebook will be a hugely documented and closely monitored event. We will be sure to keep you informed of the latest developments!