As reported by several news sites, next week may the right time for the much-awaited Facebook IPO.
Facebook’s IPO could value the company for as much as $100 billion, according to reports. The offering could be one of the largest IPOs in U.S. history.
As a side effect Social gaming firm Zynga (ZNGA) jumped 6.8% to $10.16 as business social network LinkedIn (LNKD) rose 6.4% to $76.99.
The IPO is expected to increase Zuckerberg’s worth to $20 billion.
That would make him the 23rd richest person on Earth but what is cool is more than 1,000 Facebook employees will become millionaires.
[Via CBS, DailyCamera and TheStreet.com]