Investment banker Reed Phillips tells Bloomberg TV (video) that a Facebook IPO in 2012 is "all...

|By:, SA News Editor

Investment banker Reed Phillips tells Bloomberg TV (video) that a Facebook IPO in 2012 is "all but inevitable" as he slots in Q2 as his target for the launch. He sees the biggest drivers pushing the IPO forward as being the need to access capital markets to fund international expansion and the growing competition from Google+. Also in the mix, the +1K Facebook employees lining up at Mark Zuckerberg's door and champing at the bit to become instant millionaires.