Facebook Prepares for IPO

The Internet giant is expected to file the required paperwork to go public.
2:32 | 01/28/12

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Transcript for Facebook Prepares for IPO
FaceBook with the growing frenzy about the company's plans to finally go public to sell shares. Reports say the paperwork for an initial public stock offering could be filed in the next few days a deal worth billions. Who -- -- one FaceBook profile way back then could now contribute to a financial windfall. Here's ABC's -- -- tonight. It's the kind of success most only injury enough as a teenager Mark Zuckerberg came up with the idea from his dorm room in Harvard these guys know. And it's his story now immortalized in the Hollywood movie the social network. -- on line. Here -- number. From that tiny room the phenomenon spread first other colleges then across the country. Within two years they had five million users today the site has 800 million. In fact 40% of everyone on the Internet has a FaceBook accounts. The second most visited web -- in the world -- just a tremendous success in terms of its social impact in the scope of this company. And just how big is that scope you posted a question where else but on FaceBook. The question we're asking is how was FaceBook part of your everyday life. Within seconds the comments were rolling in. This is how I keep in touch with all of my friends I check in every five minutes. And on -- truth FaceBook is my life. Two years ago Diane Sawyer sat down with Mark Zuckerberg asked. Asking him directly -- when he planned to take the company public when it makes sense we're not running the company -- but now there are reports the paperwork could be filed as early as Wednesday. Leaving its early investors smiling all the way to the bank. When search engine giant Google went public in 2004 the company is valued at 23 billion dollars. FaceBook is expected to be worth three to four times that much up to a hundred billion with more room to grow. The only question is will every -- investors buy into the -- While analysts we spoke to today say that for the average investor the best strategy is to sit tight and see how it all plays out before jumping on board. -- from Mark Zuckerberg if this public offering does go ahead the 27 year old will be worth about twenty. Billion dollars so he's not a net average investor category. And but the two of us are any idea what the cost of the -- FaceBook could be well this is the big question we won't know until those but those papers are actually filed but. You can rest assured. We're not talking about an ordinary -- got there this is going to be all right commonly welcome to ABC news and for Indian person -- but now.

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