Sat, Jan 08, 2011 - Page 10 News List

US rule likely to trigger Facebook IPO next year

GOING PUBLIC:With its number of shareholders expected to top 500 this year, Facebook will have to disclose its financial results, and might opt for a listing

AP, SAN FRANCISCO

The US$50 billion market value implied in Goldman Sachs’ investment is 25 times higher than the US$2 billion in revenue that analysts believe the company had last year. Google, the Internet’s biggest moneymaker so far, ended on Thursday with a market value of US$196 billion, about seven times its annual revenue.

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