Want some stock in Facebook?
With a valuation of $100 billion, insiders say the world's most famous social network may be going public as soon as the first quarter of next year.
Facebook COO Sheryl Sandberg said last month that a Facebook IPO (initial public offering) was "inevitable", although the company has not confirmed or denied her statement.
The company is approaching 500 investors, but once it crosses that barrier Facebook will have to report quarterly financial data in order to comply with the Securities and Exchange Commission. Sources are saying that the management is thinking the company might as well become publicly traded at that point.
The IPO may benefit employees too. Instead of raises in salary, employees being rewarded for their hard work may soon be receiving stock in the company whose growth doesn't show any signs of slowing down anytime soon!
If Facebook goes public, will you be investing in any stock?
Tags: company, confirmed, first quarter, initial public offering, ipo, network, share, social network, statement, stock