Facebook considering USD 10 billion IPO next year

Global social networking giant Facebook is considering a big IPO of as much as USD 10 billion which is expected to hit the US stock market next year. The IPO size would value the whole company more than USD 100 billion and place it much ahead of other listed social networking site for professionals, LinkedIn.

At USD 10 billion, Facebook IPO will be the biggest IPO by a technology company.  Internet search giant Google has raised much lower USD 1.67 billion through IPO route in 2004, which is currently valued at nearly USD 190 billion.

Facebook-s main revenue comes from online advertising from its Facebook social networking site which has more than 700 million users now. Its revenue is expected to jump by more than 100% to USD 4.27 billion in 2011 compared to USD 2 billion revenue in 2010.