Fri, Sep 30, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

GLG: Even at $100bn, Facebook looks under-valued

Friday, February 03, 2012

Benedicte Gravrand, Opalesque Geneva: Even if Facebook’s valuation may be higher than Google’s, it does not mean it is expensive, according to some, as the site’s revenue should rise with better paid advertising.

Facebook Inc., which filed for IPO on February 1st, may command a valuation more than five times higher than search engine operator Google Inc. as it seeks to raise $5bn in the world’s largest initial public offering (IPO) of an Internet company, says Bloomberg.

The famed social networking Internet site may be valued at as much as $100bn in the sale.

The eight-year old company hopes to raise as much as $10bn when it begins selling shares this spring, reports The WSJ. It produced a $1bn profit last year from $3.71bn in revenues – mainly from advertising. But apparently Facebook's founder, 27-year-old Mark Zuckerberg, is worried about how wealth and public scrutiny may change the company's culture (see his letter to prospective investors here). Facebook has 845 million users.

T. Rowe Price Group Inc., a large asset manager which apparently avoided the dot-com boom in th......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Eden Rock buys Gottex stake in ERG Asset Management[more]

    Matthias Knab, Opalesque: Eden Rock Group announced the purchase of Gottex’s stake in ERG Asset Management and so the firm is now wholly owned by Eden Rock. The two firms established the joint venture in 2011 to focus on providing cost effective solutions to funds holding illiquid investments, as

  2. "Hedge fund industry needs to shrink"[more]

    Komfie Manalo, Opalesque Asia: Writing for CNBC, Josh Brown, creator of The Reformed Broker blog and financial advisor for Ritholtz We

  3. Strategy - Voyager Management wants to invest in smaller hedge funds[more]

    From Valuewalk.com: Voyager Management, a $475 million fund of funds, is looking to downsize the hedge fund’s in which they invest, looking for smaller funds with assets under management that enable the fund to be nimble. The fund is looking for noncorrelation and will consider long / short equity

  4. Asia - Quant hedge funds are China's hot new export, Europe banks return to Korean brokerage market; target debt, alternative products[more]

    Quant hedge funds are China's hot new export From Bloomberg.com: Add China’s quant shops to the list of hedge funds branching out across Asian markets. Quantitative money managers from the world’s second-largest economy are opening offshore funds at a never-before-seen pace, according to

  5. Hedge funds pull back from Deutsche Bank[more]

    Bailey McCann, Opalesque New York: Hedge funds are pulling some of their business from Deutsche Bank, according to a Bloomberg report. People familiar with th