SEATTLE: Facebook has raised $1.5 bn from investors, under terms which the world's No. 1 online social network says gives it a value of about $50 bn.
The company, founded in 2004, said it would begin to file public financial reports no later than April 30, 2012, which many see as a precursor to an initial public offering . It could be one of the largest IPOs ever in the technology sector .
The new funding was handled by investment bank Goldman Sachs, which raised $1 billion from non-U.S. investors in a fund that Facebook said was oversubscribed.
In December, Russian investment firm Digital Sky Technologies, Goldman Sachs and some funds managed by Goldman invested $500 million in Facebook.
The company, founded in 2004, said it would begin to file public financial reports no later than April 30, 2012, which many see as a precursor to an initial public offering . It could be one of the largest IPOs ever in the technology sector .
The new funding was handled by investment bank Goldman Sachs, which raised $1 billion from non-U.S. investors in a fund that Facebook said was oversubscribed.
In December, Russian investment firm Digital Sky Technologies, Goldman Sachs and some funds managed by Goldman invested $500 million in Facebook.
0 Comments:
Post a Comment