Facebook IPO likely in early 2012

June 14, 2011 11:13

Apart from news that Facebook founder Mark Zuckerberg may be engaged, the social networking site is likely to file an IPO by the first quarter of 2012, with a valuation of over USD 100 billion.

"The company's IPO, were it to happen by next spring, would probably be triggered by a section of the 1934 Securities and Exchange Act known as 'the 500 rule', "which mandates that once a private company has more than 500 investors, it must begin releasing quarterly financial information to the Securities and Exchange Commission, just as public companies do, the report said.

Facebook has indicated that it expects to cross the 500-investor threshold this year.

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