Contact Us

Facebook To Go Public In 2012?

FB
(By: Justin SullivanCollection: Getty Images News)

 (From AP)

With so many investors becoming fans of the company, Facebook will be legally required to begin sharing more information about its finances and strategy by April 2012, according to documents distributed to prospective shareholders.

Some of the numbers that began trickling out Thursday were eye-popping — most notably a net profit margin of nearly 30 percent, much higher than most people had previously speculated.

The owner of the world’s largest Internet social network, privately held since it started in a Harvard University dorm room seven years ago, will be forced to open its books because it expects to have more than 500 shareholders at some point this year, according to a person who has reviewed the documents handed out Thursday. The person asked not to be identified because the documents are only being given to an elite group selected to buy a stake in Facebook through a fund packaged by the company’s newest investor, Goldman Sachs Group Inc.

Surpassing 500 shareholders will catapult Facebook over a hurdle likely to lead to the company’s long-awaited initial public offering of stock next year.

Best of 99.9 KTDY

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://999ktdy.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for KTDY Winners Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive KTDY Winners Club contests, events, coupons, presales, and much more delivered to you for FREE.