Facebook reportedly plans IPO filing for Wednesday

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Facebook plans to file for its initial public offering as soon as Wednesday next week according to multiple reports from <em>Dow Jones Newswires</em>. Morgan Stanley is expected to win the deal to lead the highly anticipated IPO, and Goldman Sachs is also reportedly expected to play a role. According to <em>Dow Jones Newswires</em>, Facebook is currently looking at a valuation between $75 billion and $100 billion. Following next week’s anticipated filing, it will still be several months until the company goes public. The initial offering is expected to raise as much as $10 billion, which would make it the biggest U.S. Internet IPO in history. The record currently stands at $1.9 billion, achieved by Google when it went public in 2004. At $10 billion, Facebook would also best the largest global technology IPO — Infineon’s $5.9 billion offer — by more than 40%.<span id="more-124597"></span>

<a href="http://blogs.wsj.com/deals/2012/01/27/morgan-stanley-close-to-winning-facebook-deal/">Read</a>

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Via BRG - Boy Genius Report