May 20, 2011 by staff
Facebook IPO?, LinkedIn officially began trading its shares on the New York Stock Exchange; Facebook cannot be too far in its own public offering. Facebook COO Sheryl Sandberg spoke briefly about the possibility of a Facebook IPO in the World Summit Technology Reuters today, saying that a public offering of Facebook is “inevitable.” Reuters reports that Sandberg declined to comment when an IPO would take place.
As noted in the Reuters account of their comments, Sandberg said: “It is a process that all companies go through. Is an inevitable process for us, the next thing that happens … People ask us if we will sell? People have stopped asking that question -. It is not true … No one is buying, going public “She also said the public offering of LinkedIn” validated “the importance of social networking business. Facebook is reportedly meeting with bankers to discuss the IPO size and the deadlines for bidding. It is thought that the network will be made public in April 2012, but it could happen before that date.
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