TechTaffy

tech:

taffy

Facebook IPO Slated For Second Quarter, 2012

By TechTaffy Desk

By Sudarshana Banerjee

Facebook is looking at April to June 2012 for its initial public offering (IPO), says a WSJ report by Shayndi Raice. The report says Facebook is discussing internally about the IPO and looking at possible dates to file the required forms with SEC. It is expected Facebook will be doing the paperwork with SEC as early as next month. To that effect, it seems Facebook also has a prospectus ready, and the company’s chief financial officer David Ebersman has initiated discussions with Silicon Valley bankers.

The IPO is expected to peg Facebook in the region of a $100 billion valuation. Earlier this year, Goldman Sachs had invested $450 million in the company. Digital Sky Technologies  had  invested an additional $50 million at the same time as well.

Just in

Series E

Vercel raises $250M

San Francisco-based Vercel, a frontend cloud platform provider, has secured $250 million in Series E funding, bringing the company's valuation to $3.25 billion.
Series A

Worky raises $6M (Mexico)

Mexico City-based Worky, a provider of HR and payroll software solutions for Mexican companies, has closed a $6 million Series A financing round.
Industry

Amazon announces $1.31B investment in France

Amazon has announced a new investment of about $1.31 billion (€1.2 billion) in France, which the company says will lead to the creation of over 3,000 permanent jobs in the country.
Around the web

Amazon Web Services CEO Adam Selipsky to step down — CNBC

Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month. Matt Garman, senior vice president of sales and marketing at Amazon Web Services, will succeed Mr. Selipsky after he exits the company June 3, writes Annie Palmer. 
AI

Palo Alto Networks, Accenture expand alliance to offer generative AI services

Palo Alto Networks and Accenture have announced the expansion of their strategic alliance to provide new offerings that combine Palo Alto Networks' Precision AI technology with Accenture's secure generative AI services.