Facebook IPO

NEW YORK: Facebook could file as early as next week papers for its much-anticipated initial public offering, which will value the social networking site at up to $100 billion.

Mark Zuckerberg-led Facebook has zeroed in on investment bank Morgan Stanley to lead the deal, the Wall Street Journal reported.

"Facebook could file documents with the Securities and Exchange Commission as early as this coming Wednesday ," the report quoted a person familiar with the matter as saying.
A filing next week is "just one scenario" Facebook executives are considering, it said, adding that executives are also looking at dates later than next week. The IPO could be launched sometime between April and June.

The IPO, seen as the "defining moment for the latest Web investing boom," could raise as much as $10 billion, pegging the value of the company at between $75 billion and $100 billion.

1 comment: