A source who is in communication with Facebook employees said that there is much talk and speculation among the ranks that Facebook may stage its IPO as early as next month and that CEO Mark Zuckerberg has repeatedly said it is “coming”. The source emphasized that Mr. Zuckerberg has never been heard to say this since the company launched in February 2004.
The source reported that employees are saying “a Facebook S-1 filing is coming really soon…possibly as early as next month”, and that over the past six weeks discussions within the company about the IPO have ramped up significantly. However, Facebook must first choose which bank will underwrite its offering before its S-1 is written and published, and another source says that Facebook has not yet selected a bank.
After Facebook concluded a deal with Goldman Sachs to raise $500m in January this year, it announced that it would likely begin filing required public financial reports before April 2012 because it “expects to pass 500 shareholders at some point in 2011”. Facebook’s valuation has surged from $15 billion in 2007 to $50 billion after the Goldman Sachs deal this year, and a $100 million investment from a Russian investor in 2009.