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February 3, 2012

A Sobering Look at Facebook

Sarah McBride & Poornima Gupta, Reuters


AP Photo

It's the year's hottest initial public offering, but some wealth managers find themselves having a hard time recommending Facebook to their clients.

The world's biggest social network is expected to seek a $75 billion to $100 billion valuation in its IPO, the most anticipated stock offering from Silicon Valley since Google Inc went public in 2004.

 

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TAGGED: IPO, social networking, Facebook

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