Facebook Ipo: Facebook IPO to spark valley economy

Facebook is in no hurry to go public. It has unlimited access to private capital, as last year's Goldman Sachs(GS) sponsored deal demonstrated. Even after Goldman excluded US investors from its offering, its Goldman funds were oversubscribed.Facebook's valuation is rumoured to be between $US75 billion ($70.58bn) and $US100bn, on revenue estimated by eMarketer at about $US4.3bn in 2011. That means a price-to-sales ratio of about 20. The temptation is to use Facebook's IPO to

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