'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Monday, November 28, 2011

Attention: Facebook Fanatics...

Facebook plans IPO between April and June: report

Mark Zuckerberg launches Facebook's "open compute program" at Facebook's headquarters in Palo Alto

(Reuters) - Facebook Inc is looking to go public between April and June 2012 with a valuation of over $100 billion, the Wall Street Journal reported, citing people familiar with the matter.

The social media giant is considering raising as much as $10 billion in its IPO, the report said.

Sources familiar with the matter said the company has not made any decision over which banks will be involved in the IPO.

Facebook's CFO David Ebersman is in talks with Silicon Valley bankers about an IPO, but founder CEO Mark Zuckerberg has not decided on any terms of the IPO, the Journal said.