FACEBOOK IPO REASON TO REWARD EMPLOYEES

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Apparently so it seems a lot of  people certainly thought  that Facebook’s initial public offering will be in 2012 owing to the fact that sthe company announced its giant funding round from Goldman Sachs earlier in the year. Here is what Facebook  said in a recent press release  ”expected to pass 500 shareholders at some point in 2011, and therefore expects to start filing public financial reports no later than April 30, 2012.”

Public filings don’t necessarily mean a company has to make its stock available for public purchase,but more than likely that would be the case

But our the main reason why the company is going public allegedly happens to be : rewarding its large roster of talented employees, who have been waiting years to cash in. Compliance isn’t the primary motive. This is the beauty  of living in Silicon Valley! Get paid for just showing up!

 

[Image via The Communer.]


TechCrunch » Fundings & Exits

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