Facebook IPO seen moving ahead in first quarter

Facebook Inc. is expected to move forward with its initial public offering of shares early next year, as anticipated, and could be valued at more than $100 billion, according to a report published Monday.

CNBC, citing unnamed sources, reported that the social-networking service will likely stage its highly anticipated IPO in the first quarter, “with a valuation that could top $100 billion.”

One factor in the timing of the IPO is a Securities and Exchange Commission regulation for companies to start publicly disclosing financial data once they have more than 500 investors, according to the report.

A Facebook spokesman declined to comment.

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- Posted: 2011-06-13 14:33:52

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