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Facebook to file IPO next week?


Facebook to file IPO next week?
Facebook, the most awaited IPO is expected to file papers next week with US Securities and Exchange Commission (SEC) as early as Wednesday, expecting as much as $10 billion from the IPO. Morgan Stanley to lead the deal reports the Wall Street Journal.

"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.


The news was around that popular social networking site Facebook is aiming at an Initial Public Offering (IPO) in the third week of May, according to reports.

Reports say that the company is set to raise $10 billion on a $75 - $100 billion valuation.

Started by Zuckerberg in his Harvard dorm, the popular social network currently has more than 800 million users and 3,000 employees.

Many of the top Wall Street banks have been keen on to bag the deal, which could increase the millions dollar banker fees, with prospective heights in business.

However, Morgan Stanley is desirable as lead underwriter on an IPO financial filing, Goldman Sachs could also be lined in to play a vital role.
sources from PTI

Read more about: facebook ipo
Story first published: Saturday, January 28, 2012, 15:13 [IST]
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