According to insider reports, Facebook is aiming to file for its initial public offering as early as next week.
The company has been valued at between $75- $100 billion and aims to raise around $10 billion more from public shares.
Facebook’s stock market tactics have been widely speculated, with New York analyst Anupam Palit predicting a low starting price to entice investors and ensure stock rises. “They might discount it a little bit in order to make sure the first couple days of trading are very strong,” he commented.
The speculations have been fuelled by a three-day halt in secondary market trading, which tends to preempt an IPO in order to ensure that investors don’t exchange shares until all of the information is available to the public.
Amidst privacy fears, Facebook is required by U.S. regulators to make its financial records public by April 30.
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