Facebook, the booming social network with more than 500 million users, will either go public by April 2012 or begin to disclose financial information to the Securities and Exchange Commission, according to a 100-page prospectus being shown to potential investors.
In the prospectus, Facebook says it expects to
According to federal law and SEC rules, any company with more than 500 shareholders and over $10 million in assets must file financial reports with the government. Google hit the 500-shareholder threshold in 2003. The company went public in 2004 at an offering price of $85 per share. Google shares closed at $613.50 in Thursday.
Facebook’s stated intention to go public or disclose its financial by April 2012 would appear to put to rest speculation that Goldman Sachs’ $1.5 billion Facebook fund for its wealthy clients is designed to circumvent the 500-shareholder rule.
Follow us for disruptive tech news: Sam Gustin and Epicenter on Twitter.
Authors: Sam Gustin
mobileporn
Le principe Noemi concept
Astuces informatiques
Webbuzz & Tech info
Noemi météo
Notions de Météo
Animation satellite
Mesure du taux radiation
NC Communication & Design
News Département Com
Portfolio
NC Print et Event
NC Video
Le département Edition
Les coups de coeur de Noemi
News Grande Région
News Finance France
Glance.lu
