February 3, 2012
A Sobering Look at Facebook
Sarah McBride & Poornima Gupta, Reuters
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.
TAGGED: IPO, social networking, Facebook