Ok people, it is time to get ready for the IPO of the century. I don't know about you, but I am not going to miss this one. If you missed Microsoft, back in the day, what about Google, Apple, or any of the other Tech Giants. If so, here is your chance. I suggest that you call your broker and start asking some questions, because I think this is going to be BIG! Well, don't take my word for it, check out what USA Today had to say, "Facebook might finally be laying down the groundwork for a highly anticipated initial public offering, long expected to take place sometime after April 2012."It writes, "The Wall Street Journal is reporting that the world's largest online social network is looking into raising as much as $10 billion in its IPO. The Journal cited people familiar with the matter but did not identify them by name. The amount would value Facebook at as much as $100 billion, according to the report. That's more than four times the market capitalization that Google had at the time of its 2004 IPO.
Federal rules require companies with at least $10 million in assets and more than 500 shareholders to disclose its quarterly financial results and other details. The reporting requirement kicks in 120 days after the fiscal year in which a company exceeds the shareholder threshold for the first time. Facebook's fiscal year ends Dec. 31, so it would have until late April 2012 to comply with this requirement, having hit the threshold this year.
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