Earlier this month Facebook acquired the photo-sharing and manipulation service Instagram for $1 billion, according to reports, split 70-30 in stock and cash. From this number, The New York Times has extrapolated that Facebook is pegging its share value at $30 and corporate value at approximately $75 billion.
However, The New York Times is also reporting that during negotiations with Instagram Facebook executives projected that their company’s stock value to hit $104 billion shortly after IPO.
This $104 billion figure is in line with what TechChrunch’s sources are reporting. TC claims that Facebook will be valued at around $100 billion – the current value the company has on SEC-free secondary markets.
All reports point to May 17th as Facebook’s IPO date.