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Facebook IPO to spark valley economy

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 justify a

Facebook will file to go public tomorrow, in case you missed the rolling thunder bombardment of news articles this week, or in the months preceding. There won't be the faintest reason for the average person to care about this

Facebook isn't expected to immediately announce whether it has chosen the New York Stock Exchange or the Nasdaq Stock Market for its primary stock listing when it files papers for its IPO, according to people familiar with the situation.

CNET Editor-at-Large Brian Cooley said the company will have plenty of new challenges ahead once it goes public.

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 justify a

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