Wednesday, July 24, 2024

Facebook Readies IPO Filing

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Wall Street Journal: Unnamed sources tell the Wall Street Journal that Facebook could file the paperwork for its initial public offering (IPO) as early as this week. Insiders say the IPO could raise $10 billion for the social networking firm and would likely value the company between $75 billion and $100 billion. The sources say Facebook will probably pick Morgan Stanley to handle the deal.

If the IPO does raise $10 billion, it would be the fourth largest IPO ever for an American company, and it would be the largest for a U.S. Internet company.

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