Facebook Inc, the world's largest social-networking service, is aiming to file for its initial public offering as early as this week, two insiders have said.
The company is discussing a valuation of $75 billion to $100 billion, said the two people, who asked not to be identified because the plans haven't been made public. Timing for the filing is still being discussed and may change, they said.
The IPO would provide funds to help Facebook maintain its expansion and fend off competition from Internet rivals such as Google Inc and Twitter Inc. The company has discussed raising $10billion in the offering, another unidentified source said in November. Facebook may set its price at the low end of the valuation range to entice investors and ensure the stock rises after the IPO.
Facebook is close to hiring Morgan Stanley to handle the deal and Goldman Sachs Group Inc will probably play a "major role" in the IPO, the Wall Street Journal said on Friday. The newspaper was first to report that Facebook may file its paperwork as early as this week.
Shareholders of Facebook faced a three-day suspension of trading on secondary markets on Friday. While buy and sell orders could be made, transactions wouldn't be processed by Facebook's attorneys at Fenwick & West LLC.
Halting the trading, which had allowed employees and early stakeholders to buy and sell shares, didn't mean the filing is imminent. Still, some companies suspend trading ahead of a filing to make sure that investors can't exchange shares until all of the information is public.
A trading halt may also represent an effort by private companies to ascertain how many shareholders they have.
Facebook expects to be required by US regulators to disclose financial results by April 30, if it doesn't go public by then, the company said last year when it announced an investment from Goldman Sachs and other backers. The $1.5 billion investment valued the company at $50billion.
Facebook decided to wait until 2012 for its IPO to give Zuckerberg more time to gain users and boost sales.
Co-founded by Mark Zuckerberg in 2004 in a Harvard University dormitory room, Facebook has amassed more than 800 million users with an easy-to-use website that lets anyone with an Internet connection to construct profile pages, post video and photos and interact with friends. The company has nudged aside competitors such as MySpace Inc and generates sales from advertisers as varied as AT&T Inc, Best Buy Co and Sony Corp.
Questions:
1. Which two companies is Facebook looking to hire to handle the deal?
2. What could a trading halt represent?
3. To this date, how many users has Facebook amassed?
Answers:
1. Morgan Stanley and Goldman Sachs Group Inc
2. An effort by private companies to ascertain how many shareholders they have.
3. Over 800 million.
光头更具吸引力?男生再也不怕脱发了
国际英语资讯:Zeman hopes B&R initiative will help boost Czech development
娱乐英语资讯:Kacey Musgraves, Childish Gambino take top awards at 2019 Grammys
体坛英语资讯:LeBron James to miss two road games
貌美如花的人变老是什么感觉?
国内英语资讯:Xi stresses integrated media development
娱乐英语资讯:Dua Lipa wins Best New Artist at 2019 Grammys
体坛英语资讯:Two more Chinese players through to Australian Open second round
国际英语资讯:Feature: Chinese-made motorbikes earn Kenyans in formal jobs extra income
国内英语资讯:Chinas C919 jetliner to speed up test flights in 2019
国内英语资讯:China confident, capable of keeping economic growth within appropriate range in 2019: premie
体坛英语资讯:Rivaldo named technical director of Moroccos Chabab Mohammedia
国内英语资讯:State Council releases vocational education reform implementation plan
国际英语资讯:OSCE envoy notes lack of progress in resolving conflict in Ukraine
体坛英语资讯:Chinas Ding beats Brecel to reach snooker Masters semifinals
这个售价650美元的“思考箱”在推特上火了!里面都有啥?
致情人配偶的一封信
国内英语资讯:China sees 225 mln air passenger trips with e-boarding passes in 2018
国际英语资讯:Feature: Fresh construction projects spring up amid improved security in Iraq
苹果窃听漏洞竟是由14岁孩子发现的!震惊到我了
The Thinking mode of Poor People 穷人思维
国际英语资讯:UN debates impact of climate change, urges action
和娜塔丽波特曼同校是什么感觉?
体坛英语资讯:Ruthless display from Serena Williams in first round of Australian Open
The Price of Lies 说谎的代价
体坛英语资讯:South Korea beat China 2-0 to finish top of Group C at Asian Cup
体坛英语资讯:Real Madrid suffer Llorente injury blow
My Hobby 我的兴趣爱好
娱乐英语资讯:Kacey Musgraves, Childish Gambino take top awards at 2019 Grammys
国际英语资讯:Politicians from Japan, China call for further development of bilateral relations
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |