It’s 'inevitable' that Facebook will go public, COO says

A public offering for Facebook is "inevitable," Facebook Chief Operating Officer Sheryl Sandberg said Thursday.

On the same day that LinkedIn, a professional networking site, began trading its shares on the New York Stock Exchange (NYSE), Sandberg said that the social media giant will likely also make an initial public offering (IPO).


"It's a process that all companies go through. It's an inevitable process for us, the next thing that happens," she said at the Reuters Global Technology Summit. "No one is buying us, we're going public."

Sandberg did not say when Facebook would make a public offering, according to Reuters.

LinkedIn's shares more than doubled during its debut on the NYSE Thursday.

Shares were initially offered at $45 and rose up to $94.25, or 109 percent, by the market's close. The most highly anticipated IPO since that of Google in 2004, Sandberg said the sale of LinkedIn illustrated the high demand for social networking sites.

Previously, Facebook CEO Mark Zuckerberg said in a December "60 Minutes" interview that a public offering for the company was only a "maybe."

"A lot of people who ... build startups or companies think that selling the company or going public is this end point. You win when you go public. That's just not how I see it,” he said.