Today, LinkedIn officially started trading its shares on the New York Stock Exchange, Facebook may not be too far behind in its own public offering. Facebook COO Sheryl Sandberg spoke briefly about the possibility of a Facebook IPO at Reuters Global Technology Summit today, saying that a public offering of Facebook shares is “inevitable.” Reuters reports that Sandberg declined to comment on when an IPO would take place.
As stated in Reuters’ account of her remarks, Sandberg said: “It’s a process that all companies go through. It’s an inevitable process for us, the next thing that happens…People used to ask us if we were going to get sold. People have stopped asking that question — we’re not … No one is buying us, we’re going public.” She also said that LinkedIn’s public offering “validated the importance” of the social networking business.
Facebook is reportedly meeting with bankers to discuss IPO size and time frame for an offering. It’s been thought that the social network will go public by April 2012, but it could happen before this date.
In March 2008 Sheryl Sandberg was named COO of Facebook, where she manages business operations including sales, marketing, business development, human resources, public policy, privacy, and communications. Prior to Facebook, Sheryl was Vice President of Global Online Sales and Operations at Google, where she built and managed the online sales channels for advertising and publishing and operations for consumer products globally. She was also instrumental in launching Google’s philanthropic arm, Google.org. Sheryl was previously Chief of Staff for the United...