The 27-year-old entrepreneur, Mark Zuckerberg, is ready to take his founding company, Facebook, to Wall Street. Facebook, which has about 800 million users, is projected to go public and file on Wednesday to sell its stock to the open market in what is intended to be the most conversed initial public offering (IPO) since Google filed in 2004. Scott Sweet, a senior manager at IPO Boutique said, “Pandemonium is what I expect in terms of demand for this stock. I don’t think Wall Street would want to anger Facebook users.”
Google’s founders made it clear to IPO prospectus and investors that the company believed in the motto “Don’t be evil.” Reena Aggarwal, a finance professor who studied IPOs at Georgetown University’s McDonough School of Business, thinks Zuckerberg will follow Google’s philosophy. Zuckerberg’s company is expected to raise $10 billion, which will give Facebook a value of $75 billion to $100 billion. This will make Facebook one of the largest IPOs.
