Remember the rumors about Facebook no longer being Facebook? They were probably referring to this IPO. Those rumors may not be too far off from the truth and here’s why.

“Facebook was not originally created to be a company. It was built to accomplish a social mission – to make the world more open and connected”, says Mark Zuckerberg (those of you who don’t know who Mark is, go dig yourselves out of the hole you’re in). Even though that mission still holds true and the team will continue “focusing on their (our) mission and building great services”, but with a listing, Facebook now has a lot more restrictions and parameters to be a much cooler company. It now needs to also be a profitable company, 2 end goals that might not always converge.

Anyway, the $5billion IPO is estimated to be ~5% to 10% of its available shares (this number varies based on which report you see), potentially valuing Facebook up to $100b.

If you want more gory details on valuations, check

http://www.google.com.sg/search?sourceid=chrome&ie=UTF-8&q=facebook+valuation

How much do you think Facebook is worth?