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Facebook may be valued at $104Bn

Facebook are said to be targeting a May 17th date for the initial public offering, according to TechCrunch, who reported via unnamed sources familiar with the company.

Federal regulators may now need to review Facebooks recent $1 billion acquisition of mobile photo sharing startup Instagram. Sources from the New York Times have said that Facebook are trying to raise around $10 billion from the stock sale, with a valuation as high as $104 billion.

Speculation has been raised that the $1 billion acquisition of Instagram may have been structured around the principle that Facebook shares are worth more after they began trading publicly.

Kitguru says: More news is sure to come filtering through, between now and the proposed date of May 17th.

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