This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

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.

>To submit a news tip, send an email to:
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
GRPN $2.88 -0.52%
LNKD $242.30 -0.94%
P $13.72 -0.07%
AAPL $118.56 0.64%
FB $104.04 -1.30%


Chart of I:DJI
DOW 17,758.27 -40.22 -0.23%
S&P 500 2,085.62 -4.49 -0.21%
NASDAQ 5,105.4180 -22.1070 -0.43%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs