initial public offerings

The latest rumor buzzing in the business world is that social networking giant Facebook is working to raise $10 billion for an initial public offering, tentatively set for the second quarter of 2012. If this is true, the Facebook IPO gives the company a valuation of $100 billion, twice as big as companies like HP and 3M. Although, it's hard at this point to monetize and to measure the assets of a social media company for the purpose of going public (hasn't really been done before), there's not denying that a Facebook IPO would simply be huge.