September 21, 2018

Facebook “to go public with $10bn share offering”

This week, Facebook will begin the process of becoming a publicly-listed company, valuing the social networking site at between $75bn (£48bn) and $100bn. According to the Financial Times and the Wall Street Journal, the company plans to file papers with the US financial watchdog on Wednesday. This would be one of the biggest share sales seen on Wall Street. It would dwarf the $1.9bn raised by Google when it went public in 2004. The reports suggest that Morgan Stanley will be the lead underwriter for the sale, with Goldman Sachs also expected to be heavily involved. The reported valuation would make Facebook one of the world’s biggest companies by market capitalization.

Source: Bucharest Herald () good high school essays

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