The vastlypopularsocial networking internet site facebook is reportedly just hours away from changing from being a private to a public company selling billions of dollars worth of shares It will be the largest initial public offering of shares ever to emerge from Silicon Valley its founder Mark Zuckerberg is set to become much richer as investors clamor for a part of his company Many IPO’s come out ah being very very overvalued because they get so hyped up and investors are so taken in by the story that their willing to pay any amount just to be able to get into the stock Facebook’s worth comes from the fact that over eight hundred million people use the site each month and half of those come back every day It’s forecast to have generated revenue of three point three billion euros last year with the lion share three billion of that from advertising and making a profit of six hundred and fifty million euros Reportedly it will initially raise five billion dollars that’s three point eight billion euros and depending on how much the shares sell for that could make the site worth more than fifty billion euros when they stop trading which could be as early as may Others from the same sphere are watching with interest and there are rumors that twitter could go public as early as next year
