Facebook IPO Filing on Friday?
A three-day suspension of Facebook trading in the secondary markets fuels buzz
The buzz on Facebook’s IPO was that the company would file in
early January. So much for the credibility of the rumor mill.
The latest chatter points to this
Friday. Why? The talk is based on a report from Bloomberg.com, which says that trading in
Facebook shares in the secondary market has been suspended. The halt is supposed
to last go from Wednesday to Friday.
Now, there can be many reasons for Facebook to do this. There
may be a big announcement in the works, for example, and Facebook’s attorneys
may want to avoid any legal complications.
But according to a follow-up on CNNMoney.com, Facebook has had a
variety of trading suspensions in its lifetime. So this one is not a sure-fire
sign that an IPO filing is imminent.
Based on the latest trades,
Facebook is still a red-hot stock. Its valuation stands at $82 billion, putting
the company in the major leagues of tech giants such as Google (NASDAQ:GOOG), Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL).
Jan 25, 2012, 1:13 pm EST InvestorPlace Writer
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