Haute 100 Update: Facebook Valedictorian of 2012 IPO Class
Yesterday we reported of Zynga’s rocky start as a publicly traded company, but concluded that the growth potential is still there.
Today, the Wall Street Journal asserts that the most growth-intensive IPOs of the current wave might be yet to come. This phenomenon will expectantly come from companies that are already ultra profitable, as opposed to those who need growth capital from public investors.
And so, Facebook Inc.–headed by San Francisco Haute Lister Mark Zuckerberg– is expected to go public in the spring at a valuation of $100 billion or more, which would place it proudly amongst the most valuable companies in the world. Facebook’s IPO is expected to create over 1000 millionaires.
For more on the Haute 100 click here.
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