Tuesday, June 21, 2011
Intrigue Of Facebook IPO
The much anticipated Facebook IPO is coming, some say as soon as next year. Valuations for the company have been flying around like excited children at a birthday party. 50 billion, 85 billion and now over 100 billion. It reminds me of the rocket-like rise of Google stock about 6 or 7 years ago. Shares of the search giant rose to over 400 dollars before the SEC intervened. Could Facebook have a similar road to glory? Here is an article in USA today with more about it. I think I'll be buying some and holding it at least for a little while when it becomes available.