The facebook float could be one of the largest ipo’s in history and one of the most popular amongst the general populace.
Facebook the social network that launched in 2004 will float in 2012 for around 100 billion dollars, making instant billionaires of its.founder and early employees.
Whilst the revenue of Facebook is not huge currently, it does have revenue but certainly not enough to justify its current valuation. This will likely not deter investors who will be concentrating on the fact that when google floated, it also had no way of generating cash and will not want to miss out this time.
We can expect huge coverage of the ipo which is likely to generate interest not just with Facebook but in the entire tech sector so one could expect tech shares to experience a lift.