Facebook's Board Is Meeting To Greenlight The IPO Right…About…NOW

Mark Zuckerberg Katy Perry Jim BreyerOne of these three people is not a Facebook board member

Photo: Facebook

Facebook’s board, chaired by CEO Mark Zuckerberg, will meet this afternoon in Palo Alto to greenlight an IPO filing tomorrow morning, Kara Swisher reports.This jibes with what IFR just reported about the IPO timing.

Swisher also says the valuation will be less than $100 billion and the amount raised will be less than $10 billion.

Swisher also says “Facebook management wants to conduct an IPO with as little drama as possible and is seeking to minimize a bubble atmosphere around the event.”

Good luck with that one, Zuck!

RELATED: The IM Conversation In Which 19-Year-Old Zuckerberg Decided To Build Facebook, This Year’s $100 Billion IPO

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

facebook sai-us