It was bound to happen and now it seems it finally is. Facebook, the world’s most popular social networking site is set to be to floated on the Stock Markets. The Company is to file for an Initial Public Offering next Wednesday and according to reports Morgan Stanley is likely to be the agent behind the transaction.
It is estimated that when Facebook puts it’s shares up for public ownership, it will make the site worth between $75 billion and $100 billion.
CEO and founder of Facebook, Mark Zuckerberg owns 24 per cent of the company and at present his wealth has only been measured in theory. However, when the Company floats it is believed this will change and his value of the shares he holds will be worth up to $24 billion.
It is also speculated that Sheryl Sandberg, chief operating officer of Facebook, who own between 1.25 and 2.5 per cent of the company, would also see her wealth soar. Her stake in the Company could be worth up to a staggering $2.5 billion.
The expected float could also spell good news for U2 duo Bono and The Edge and may potentially be worth over a billion as it is widely understood their investment wing Elevation Partners, owns a 1.5 per cent stake in the site an astronomical increase on the $210 million it paid for shares in November 2009.
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