Facebook Inc. is expected to move forward with its initial public offering of shares early next year, as anticipated, and could be valued at more than $100 billion, according to a report published Monday. CNBC, citing unnamed sources, reported that the social-networking service will likely stage its highly anticipated IPO in the first quarter, "with a valuation that could top $100 billion." One factor in the timing of the IPO is a Securities and Exchange Commission regulation for companies to start publicly disclosing financial data once they have more than 500 investors, according to the report. A Facebook spokesman declined to comment. Facebook has long anticipated reaching the 500-investor mark, and at that point, potentially moving ahead with an IPO that would bring in additional capital as the company starts making its financial disclosures.
source:www.tulsaworld.com/
source:www.tulsaworld.com/
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