Facebook Going for the IPO

What's Next In Payments®
5:05 PM EDT January 27th, 2012

It finally arrives – social media giant Facebook will file paperwork for an initial public offering (IPO) on Wednesday, February 1, according to a report by the Wall Street Journal.

If the event occurs as scheduled, it stands to be the largest technology IPO in history, with estimates putting it around $10 billion.

Currently Infineon and Google, whose initial public offerings stood at $5.9 billion and $1.67 billion, respectively, hold the tech IPO crowns.

Facebook has yet to comment on the development and the party sourced in the WSJ report remains unnamed. However, Facebook suspended trading in secondary markets for three days in late January – which proves to be a strong indicator of the company’s IPO intentions.

Click here to read the complete article via Mashable.com.

Comments
Also by This Author
What's Hot
News
Meritus Releases Update XP In Global Payment Platform
B2B Payments
UK Businesses Forced To Make Late Payments
News
Twitter Enthusiastic But Vague About Commerce
News
Amex Gains From Travel Joint Venture
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
News
Why Customer Segmentation Matters In Prepaid
News
Meritus Releases Update XP In Global Payment Platform
Controversial
Payments Innovation Investment Tracker | Week of July 25
B2B Payments
UK Businesses Forced To Make Late Payments
View All Articles ››