Yesterday afternoon, the Wall Street Journal wrote that Facebook had restructured their share structure to give existing shareholders greater voting rights. It’s a step most companies take prior to going public, but when asked about the company’s intentions, Facebook stated that they have “no plans” to go public “at this time”. Despite their supposed lack of plans, chatter is increasing about the company’s desire to have a public offering, resulting in an dramatic increase in price of privately traded shares.
Just last week, Bloomberg reported that the company’s valuation has jumped 42 percent in just over a month. We did a little more digging after the article and found that those prices were from a month prior and that shares were continuing to rise. We promised to hold off on publishing the new share prices though due to ongoing transactions that would be effected.
Needless to say, if you had invested in Google shares a month ago, you would have done just as well as if you had purchased Facebook shares at the same time and you would have greater liquidity. With Facebook’s ongoing growth though, Facebook’s IPO is a highly anticipated event. Many insiders have projected that the company will file for an IPO in 2010, however with a large bank account and a cash-flow positive business, Facebook has no need to file for a public offering at this time.
While there were previous employees who wanted to cash out on their options, most have been given the opportunity to sell a decent number of shares already. For now it is a guessing game as to when Facebook will file to go public, but any signs that point to the eventual public offering will most definitely receive widespread coverage and attention.

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The ticker symbol FBK is available.