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Facebook IPO May Arrive in Spring

NEW YORK ( TheStreet) -- Facebook's heavily anticipated initial public offering could arrive in April 2012, according to a published report.

The Wall Street Journal, citing unnamed people familiar with the matter, said late Monday that the social networking giant is targeting a public market debut in the April-June 2012 timeframe.

The article said the company, which is led by Mark Zuckerberg, is currently having internal discussions about the timing of filing for the IPO, a move that could still come in 2011, according to the report.

As for valuation, the WSJ said Facebook could seek to raise as much as $10 billion in a deal that would value the company as a whole at $100 billion. Facebook has already put together a prospectus, the article said, and is ready to file at any time.

The details of the offering are likely to be closely monitored by investors as the recent round of buzzy Internet offerings -- namely Groupon (GRPN - Get Report), LinkedIn (LNKD - Get Report), and Pandora (P - Get Report) -- haven't fared well.

Online discount purveyor Groupon priced its IPO at $20 per share and saw its stock plunge below that level after being public for less than a month. The shares closed Monday at $15.24. Business social networker LinkedIn saw its shares soar above $120 after pricing at $45 each in mid-May, and the stock has fallen back to close at $60 on Monday. Pandora priced its IPO at $16 each in mid-June, and the stock settled Monday at $10.52.

-- Written by Michael Baron in New York.

>To contact the writer of this article, click here: Michael Baron.

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Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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GRPN $3.80 -14.00%
LNKD $128.92 4.80%
P $10.04 6.40%
AAPL $93.56 -1.30%
FB $117.39 0.57%


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