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Facebook’s Valuation Approaching $100 Billion
Facebook’s business is growing faster than the company had predicted a few months ago, leading to speculation that its IPO could be in the $100 billion range, according to a report.
The Wall Street Journal, citing people who’ve seen Facebook’s recent financial information, reports [subscription required] that the IPO could happen as early as spring 2012.
One source says the company is on track to earn $2 billion before taxes, depreciation and amortization this year. That figure is higher than the numbers Facebook presented to Goldman Sachs Group and Russian investor Digital Sky Technologies when they invested in Facebook in January.
At that time, Facebook’s shares were at a price that implied a $50 billion valuation. Now, that number could be twice as much, according to this newest report. If that scenario comes to pass, Facebook’s valuation will be higher than the current figures for Hewlett-Packard, Amazon and Cisco Systems.
Article source: Mashable
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