Facebook may file for IPO Wednesday
CBC News
Posted: Jan 27, 2012 2:43 PM ET
Last Updated: Jan 27, 2012 4:15 PM ET
Facebook Inc. may file IPO paperwork next week, reports suggest. (Canadian Press)
Related
Related Links
Reports emerged Friday that Facebook Inc. will begin the process of selling shares to the public as early as next week.
Citing unnamed sources within the company, the Wall Street Journal reported Friday the company would file a prospectus for an initial public offering (or IPO) on Wednesday.
According to the paper, Morgan Stanley will be the lead underwriter on the issue, which could value the company as high as $100 billion US.
That timeline would be in keeping with a report earlier this week that said trading in the company's shares have been halted on the private, unlisted over-the-counter market for company insiders. Typically, a company would do that only when they have major news pending and don't want to be accused of any untoward trading ahead of its release.
"This is the most legitimate, verifiable sign that we've seen yet," Sam Hamadeh of research firm PrivCo told CBC News at the time.
Facebook and Morgan Stanley have thus far declined to comment on the report.
Share Tools
Top News Headlines
- Graham James apologizes to sex-abuse victims
- Graham James, the former junior hockey coach and convicted sexual abuser whose victims included ex-NHLers Theoren Fleury and Sheldon Kennedy, has told a courtroom: "For my behaviour, I am deeply sorry.… Parents expected sons to be safe; not all were." more »
- Target set to alter Canadian retail landscape
- The buzz surrounding Target Corporation's move into Canada could quickly turn into a backlash if the U.S. retailing giant can't deliver quality goods at prices similar to what it charges south of the border, experts say. more »
- U.S. base in Afghanistan attacked over Qur'an burning
- Afghan police are firing shots into the air to disperse hundreds of protesters who are trying to break into an American military base to vent their anger over the Qur'an burning incident. more »
- Santorum, Romney spar in Republican debate
- Mitt Romney and Rick Santorum swapped accusations about spending and taxes Wednesday night in the 20th and possibly final debate of the roller-coaster race for the Republican presidential nomination. more »
Latest Technology & Science News Headlines
- Online surveillance bill setup costs estimated at $80M
- It's going to cost at least $80 million to implement the government's lawful access bill to force internet and telecommunications service providers to collect customer information in case police need it for an investigation, CBC News has learned. more »
- Twitter head tells those who spend hours on site to stop
- To those of you who tweet and follow others on Twitter all the livelong day, the co-founder of the immensely popular social networking site has a message for you. more »
- Meteor's fireball lights up Prairie skies
- A fireball that lit up the night sky over Alberta and Saskatchewan was a 100-kilogram meteor, experts say. more »
- Vic Toews' predecessor opposed extra power for police
- Former public safety minister Stockwell Day says he wasn't in favour of giving police extra powers when he was in charge of the file in 2007. more »
Bob McDonald's Blog
Canadian science on show in Vancouver Feb. 17, 2012 9:16 AM The largest annual gathering of scientists in the world is happening in Vancouver this week, as delegates from almost 60 countries assemble for the American Association for the Advancement of Science (AAAS) meeting. Canadians should be proud of our science, yet most people are unaware of the fine work that goes on from sea to shining sea.
Quirks & Quarks
- February 18: Guitar Hero, or Guitar Zero? Feb. 17, 2012 4:56 PM An NYU professor of psychology describes how he was able to learn to play the guitar in midlife in spite of a limited musical aptitude, and what it tells us about how our brains learn.
Latest Features
- Fire at Vancouver restaurant goes to 3 alarms
- 'Faster than light' measurement blamed on loose cable
- Graham James apologizes to sex-abuse victims
- Mountie who had sex with superior fights to keep job
- Thief grabs $500K in jewelry in Vancouver
- Alleged B.C. rave rape victim seeks witnesses
- Santorum, Romney spar in Republican debate
- Online surveillance bill setup costs estimated at $80M
- Adele in trouble over middle-finger salute at Brits
