Social network Facebook is reportedly getting ready to go public by opening its first stock offering (initial public offering / IPO) in 2012.
This information is disclosed by Reid Hoffman, co-founder of LinkedIn. Hoffman, known as an investor in several leading technology companies, estimates Mark Zuckerberg will hold an IPO in the first half of next year.
"This will be the largest technology company IPO in history," Hoffman said as quoted by the Telegraph, Monday (11/21/2011).
"Facebook has been delayed before. The pattern now is to build up much momentum in the business and Facebook have done it. This will produce a strong IPO valuations," he explained further.
But Facebook itself is still refusing to comment on this news and did not want to give confirmation. As is known, Facebook plans to do an IPO was delayed until 2012. In fact, Facebook was originally planned to submit it this year.
Zuckerberg also dismissed rumors that mention this delay due to uncertain market conditions. It is said by the CEO's young, he just wants its employees to focus on product development.
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