Faceboook is heading for IPO, which is expected to raise US$12 billion for the company. One Malaysian company will be looking forward to the good news. It is MOL Global, which Malaysian tycoon, Vincent Tan, is the major shareholder. The company, which holds about 10% of Facebook, is expected to rake in US$420 million from the Initial Public Offering.
That is certainly a huge amount of money, especially in good ol’ Malaysia, and how will that benefit ordinary Malaysians? I guess that with fresh funds thanks to Facebook IPO, MOL can go on a shopping spree and buy up some dot coms or collaborate with companies that offer social networking services.