Facebook to disclose its finances?

Facebook is setting the stage to reveal its financial status this year or in early 2012, sources reported. It is world’s number one social network and its value is estimated at around $1.5 billion.

Facebook reportedly, received finances from Goldman Sach’s overseas client, from Goldman itself and Russian firm Digital Sky Technologies recently. $1 billion was financed by the overseas client and $500 million by the latter two. The $50 billion value of the company could become one of the largest initial public offerings in 2012.

Facebook will have to unveil its financial information because it may exceed 499 shareholders limit this year and the US securities regulation requires companies to make their finances public on crossing this number, sources informed.

Goldman reportedly wanted to raise $1.5 billion from overseas clients but Facebook limited the amount to $1 billion calling it a business decision. According to sources, Facebook is not planning to use the raised money at present.

Sources added that Facebook does not intend to disclose its financial status until April 30, 2012.

Investors meanwhile are keenly interested to acquire Facebook shares through private exchange.