So, what happened this week? Facebook. Lots of it. The biggest social media platform in the world is starting to gain momentum toward its IPO … at least according to the rumors that are floating around right now. Facebook has reportedly picked an investor relations agency and is planning to go public the third week of May. Of course, this will be a tough development for SecondMarket, which has been holding weekly auctions of Facebook stock and makes some good cash on these transactions. Interestingly, Facebook is set to cross the 1 bn user threshold in August.
Of course, there was more than Facebook in the IPO headlines this week, including a number of filings and some perspective on the 2011 IPO market. And, we have a few strategy videos up to help you out, too.
Enough of this, though. Let's look at the top stories on Inside IPO this week:
1. IntelePeer IPO: January 23 on NASDAQ: Cloud-based video and voice communications company IntelePeer has announced its IPO terms. Look for the IPO to take place the week of January 23, 2012, according to Renaissance Capital. IntelePeer will list on NASDAQ and trade under the symbol PEER. It is looking to raise $75 mn in an offering of 7.5 mn shares at a price range of $9 to $11. At the mid-point, its valuation would be $416 mn. IntelePeer is not profitable, although it posted 32 percent YOY revenue growth for the first nine months of 2011.
2. Five IPO market predictions for 2012 [EXCLUSIVE]: If every company in the IPO pipeline right now went public next year, we'd see $30 bn in fresh capital raised. And that's if no other companies (including Facebook) completed their IPOs in 2012. It's a staggering number, especially when you think about the pace at which companies have been filing in a market where it's difficult to get to that celebratory opening bell.
3. 2011′s most valuable pre-IPO companies: where are they now? The most popular post on Inside IPO so far takes a close look at the most valuable private companies in the world, according to analysis by Business Insider. Since we ran the piece back in December, a lot has happened in the market, particularly regarding many of the company's on the original list. Let's take a look at where they are now:
4. Splunk looks for $125 mn in IPO: Data analysis software company Splunk has filed for a $125 mn IPO. The company is not profitable, but it did post a 72 percent revenue growth rate (YOY) through the first nine months of 2011. Splunk is backed by August Capital, Sevin Rosen, JK&B Capital and Ignition Partners. The lead underwriters are MS)" href="http://www.insideipo.com/tag/morgan-stanley">Morgan Stanley, CS)" href="http://www.insideipo.com/tag/credit-suisse">Credit Suisse, JPM)" href="http://www.insideipo.com/tag/jp-morgan">JP Morgan and BAC)" href="http://www.insideipo.com/tag/baml">Bank of America Merrill Lynch. Although Splunk hasn't selected an exchange yet, it is planning to trade under the symbol SPLK.
5. Take a closer look at Capital IQ's 2012 internet predictions [ANALYSIS]: S&P Capital IQ has published a dozen predictions for the internet sector in 2012 (take a look at all of them onMarketWatch). After reading through them, I'm interested in four of them – they are pretty interesting. Let's take a look at some of what could be 2012's most interesting developments could be.
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