Facebook said to plan record-size IPO

So what does this mean for Mark Zuckerberg - It means that he would be worth $24 Billion, according to the WSJ. He would climb the list of the wealthiest Americans. Based on the Forbes 400, Mark would take over the number 7 spot from George Soros. But fortunes are made to be lost - just ask Groupon chief Andrew Mason, who has watched his net worth swan dive in recent days.

Amplify’d from www.washingtonpost.com

Facebook Inc. is considering raising about $10 billion in an initial public offering that would value the world’s largest social-networking site at more than $100 billion, a person with knowledge of the matter said

Facebook’s valuation is currently pegged at $66.6 billion by SharesPost Inc., which handles trading of privately held companies. The Wall Street Journal reported earlier yesterday that Facebook was considering the $10 billion IPO with a valuation of more than $100 billion. The company aims to go public between April and June, the Journal said.

“Groupon has lost a lot of steam and I believe bankers are saying, ‘The market is still hot so let’s do it right now,’” he said. Read more at www.washingtonpost.com

 

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