Facebook IPO could create the world?s largest internet company (Yahoo! News)

By going public, Facebook could net a cool $10 billion

Want to own a piece of?Facebook? Next week, you can ? the?social media behemoth is expected to file papers for its IPO as soon as February 8. It's a bottom-line boosting move that's been a long time coming.

Facebook was founded in 2004 by?Mark Zuckerberg as a way for Harvard students to connect with each other. In the 8 years since, it's grown into a privately-held company valued as high as $100 billion.

It's expected that an IPO could earn about $10 billion in money for Facebook, which would easily make it the largest IPO in tech history. The previous largest public offering occurred in 2005 when search giant?Google's IPO netted just under $2 billion.

By going public, Facebook will be able to use the value of its stock to acquire other companies. It's also expected to make existing Facebook employees instant millionaires.

(Source)

This article was written by Fox Van Allen and originally appeared on Tecca

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Source: http://us.rd.yahoo.com/dailynews/rss/techblog/*http%3A//news.yahoo.com/s/yblog_technews/20120131/tc_yblog_technews/facebook-ipo-could-create-the-worlds-largest-internet-company

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