Facebook is reportedly targeting an initial public offering of $10 billion as early as April that would value the social-networking king at a whopping $100 billion.
The gaudy numbers being floated around for the potential IPO underscore the enormous anticipation for a Facebook IPO, which has spawned great demand for offerings of other next-generation Internet companies like Groupon (GRPN) and LinkedIn (LNKD).
According to The Wall Street Journal, after resisting calls to go public for years, Palo Alto, Calif.-based Facebook is targeting a time frame of April to June 2012 for an IPO.
Facebook co-founder and CEO Mark Zuckerberg, who would make an estimated $24 billion if the company IPO’d with a $100 billion market cap, is warming to the idea of going public, but hasn’t made any final decisions, the paper reported.
Still, the company is in talks with the Securities and Exchange Commission over the timing of its filing and is considering filing dates as early as this year, the Journal reported.
A $100 billion valuation would mark the largest IPO price tag ever by a tech or Internet company. It would easy dwarf the largest U.S. Internet IPO: Google’s (GOOG) 2004 debut that valued the search company at $23 billion.
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