Report: Facebook IPO Expected By Next Wednesday
January 27, 2012 at 11:21 AM (PT)
Confirming speculation that arose when it stopped secondary trading two days ago (NET NEWS, 1/25), the CHICAGO TRIBUNE reports that FACEBOOK will file documents for an Initial Public Offering as early as next WEDNESDAY, FEBRUARY 1st. The highly anticipated IPO is predicted to value the world's largest social network at $75 billion to $100 billion, according to WALL STREET JOURNAL sources.
The impending IPO is expected to raise $10 billion and will be eagerly sought after by investment banks, including MORGAN STANLEY and GOLDMAN SACHS. It could be one of the largest IPOs in U.S. history.