After eight years, the computer hack man CEO Mark Zuckerberg creator of Facebook has decided to take his creation and go public as soon as May 2012.
Mark Zuckeberg’s decision to make facebook go public would make him the 14th richest person in the world making him worth 24 billion, and the most powerful man in Silicon Valley, if facebook is to go public the company’s value could soar up to $100 Billion, with shares available as early as May, Facebook will have the largest IPO in internet history, beating out companies such as Google.
Face book which has had a growth rate of 71 percent from 2009 to 2010, and an audience of over 845 million users, and over 250 million photos alone are posted on its site each day, everyone from teenagers to senior citizens log on to Face book, everyday and everyone will be benefitting from this deal.
The announcement from Mr. Zuckerberg was that he wants to give his users control over what’s public and private. When Facebook filed a prospectus with the Securities and Exchange Commission in a move to make their company public, the SEC website crashed within hours of the news release.
But they are those whom can’t wait for Facebook to go public, once facebook launches the first people to reap its rewards will be the hundreds of employees whom will get a return of up to 12,000 percent return on shares when the company goes public will become instant millionaires.
Other people whom are looking to receive millions from this deal are people like Russian Yuri Miller, one of the richest men in the world; Yuri miller whom gains huge from this deal for Yuri is one of Facebook’s biggest investors, in the form of Digital sky technology.
Wall Street bankers are clawing at each other to handle this megadeal, which would generate millions of dollars in fees, the likes of Goldman Sachs whom invested $50 billion in 2011.
Microsoft which invested $150 billion in 2007 and is reported to be up to $240 billion now, Facebook indicated it hopes to raise $5 billion in its IPO. That would be the most for an Internet IPO since Google Inc
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