The highly anticipated Facebook IPO could happen as early as May, according to a Monday report from the Wall Street Journal.
In 2011 several large tech companies, including Groupon and LinkedIn, went public with IPOs. Facebook’s unrivaled market penetration has prompted investors and tech industry watchers to anxiously await the first public sale of the company’s stock.
Facebook has been preparing for blue-chip status over the past 18 months, according to WSJ market analysts, with executives “practicing quarterly earnings calls, the human resource department is hiring more lawyers and CEO Mark Zuckerberg’s feet have been upgraded from flip-flops to running shoes.”
“This IPO planning could all change, in a New York minute, to another month.” cautioned the Wall Street Journal’s Kara Swisher. “[T]he Facebook IPO is expected to be one of the largest Web offerings ever — with some reports saying the company will be raising $10 billion on a $100 billion valuation.”
Facebook did not return The Daily Caller’s request for comment.