A source close to Facebook employees emailed us yesterday to say that the rumor flitting from employee to employee is that "a Facebook S1 filing is coming really soon. Possibly as soon as next month."
"The IPO talk inside Facebook has ramped up the past 6 weeks and Zuckerberg repeatedly has said that it is 'coming,' which he *never* said in the history of Facebook."
The truth is that Facebook is going to go public, and relatively soon. Because it's surpassed the SEC's 500 shareholder limit, the company has to disclose its financials in April. That doesn't mean it has to IPO, but we understand the company plans to bite the bullet and go for it around then anyway.
As for whether or not Facebook will file its S-1 very soon, we're skeptical. A source close to the IPO process tells us Facebook has not yet decided which banks will underwrite the offering. That's a step that has to happen before the S-1 gets written and published.
Facebook employees who joined the company three or four or more years ago have endured a lovely, teasing kind of torture.
Back then, they joined a startup that was already the hottest in Silicon Valley – worth a couple billion dollars.
They all got a bunch of stock options or, later, restricted stock units, that would someday turn into real equity. The payout looked good based on where Facebook was then.
"The IPO talk inside Facebook has ramped up the past 6 weeks and Zuckerberg repeatedly has said that it is 'coming,' which he *never* said in the history of Facebook."
The truth is that Facebook is going to go public, and relatively soon. Because it's surpassed the SEC's 500 shareholder limit, the company has to disclose its financials in April. That doesn't mean it has to IPO, but we understand the company plans to bite the bullet and go for it around then anyway.
As for whether or not Facebook will file its S-1 very soon, we're skeptical. A source close to the IPO process tells us Facebook has not yet decided which banks will underwrite the offering. That's a step that has to happen before the S-1 gets written and published.
Facebook employees who joined the company three or four or more years ago have endured a lovely, teasing kind of torture.
Back then, they joined a startup that was already the hottest in Silicon Valley – worth a couple billion dollars.
They all got a bunch of stock options or, later, restricted stock units, that would someday turn into real equity. The payout looked good based on where Facebook was then.
