Facebook may file for IPO next week
| SAPA-AFP | January 27, 2012 | No comments |
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Facebook is preparing to file for its initial public offering as early as next Wednesday
Facebook is preparing to file for its initial public offering as early as next Wednesday in a flotation that would value the company between 75 billion dollars and 100 billion dollars, The Wall Street Journal reported Friday.
The report came days after the world’s leading social networking company suspended the register of new trades in its shares on secondary stock markets in what analysts said was an indication that the company would be preparing for an imminent IPO.
The Wall Street Journal report said that Facebook was likely to have both Morgan Stanley and Goldman Sachs manage the share offering.
The Facebook IPO will be one of the largest share offerings in history and is expected to foster huge excitement among investors clamouring for a piece of the social networking company which claims more than 800 million members.
Ericsson buys BelAir to boost WiFi offering
Swedish telecoms gear maker Ericsson is to buy privately held WiFi technology company BelAir Networks to boost its mobile broadband offering.
Apple strikes deal with China Telecom
China Telecom, the smallest of the country’s three carriers, said on Tuesday it had signed an agreement with Apple Inc to sell iPhones in China