60,826 News Articles

Facebook IPO could come as soon as next week

Talks with Morgan Stanley could lead Facebook to file IPO papers as soon as Wednesday, the Wall Street Journal reports

By | 27 January 12

The Internet juggernaut Facebook could file papers for an initial public offering as early as Wednesday, hoping to raise as much as US$10 billion, the Wall Street Journal reported Friday.

Related Articles

Facebook appears close to finalizing a deal with the financial services company Morgan Stanley to serve as the lead underwriter of its stock offering, the Journal reported, citing unnamed sources familiar with the plan.

Other high-profile social networking sites, including Groupon, have filed to go public this year, but Facebook, with more than 800 million users, is seen as a bellwether and a measure of how successful a tech IPO can be in the current investor environment.

The deal would value Facebook at $75 billion to $100 billion, the Journal reported. The company hopes to raise $10 billion through the offering, more than any other technology IPO. A Facebook spokesman said the company would not comment on "IPO-related speculation."

Share this article




Comments

Send to a friend

Email this article to a friend or colleague:

PLEASE NOTE: Your name is used only to let the recipient know who sent the story. Both your name and the recipient's name and address will not be used for any other purpose.