There are reports today of Facebook being in internal discussions over the exact timing of its filings with the SEC for its IPO, and may file before the end of the year. Reports indicate that Mark Zuckerberg, CEO of Facebook, hasn’t made any final decisions yet. Facebook is also looking into raising $10 billion in an IPO that would value the company at $100 billion if not more.
If you’re looking to compare this to other online juggernauts IPO’s, look at Google, Inc. (NASDAQ:GOOG). In 2004, when they made their stock debut, the company was worth $27 billion. Google’s market cap today sits around $185 billion.
At a $100 billion valuation, Facebook would be worth more than a lot of big name companies including Hewlett-Packard (NYSE:HPQ) and Cisco Systems (NASDAQ:CSCO).
If they file for an IPO it would be the latest of a series of companies going public in Silicon Valley. Zynga, creator of Farmville, has already filed for an IPO up to $1 billion. In November, the much hyped Groupon (NASDAQ:GRPN) IPO was launched, but has since dropped below its IPO price. Other stocks that jumped initially but fell include LinkedIn (NYSE:LNKD) and Pandora (NYSE:P).
While Facebook does not disclose financial results, sources close to the company told Reuters earlier this year the company’s revenue in the first 6 months of 2011 doubled from the previous year to $1.6 billion.
Founded in February 2004, Facebook is a social utility that helps people communicate more efficiently with their friends, family and coworkers. The company develops technologies that facilitate the sharing of information through the social graph, the digital mapping of people’s real-world social connections. Anyone can sign up for Facebook and interact with the people they know in a trusted environment.