NEW YORK - Facebook may file papers for an initial public offering next week that would value the social network at up to $100 billion, The Wall Street Journal reported Friday.
The newspaper, citing people familiar with the matter, said Facebook could file IPO papers with the US Securities and Exchange Commission (SEC) as early as Wednesday but the "timing is still being discussed."
It said the Menlo Park, California-based social networking giant is looking at a valuation of $75 billion to $100 billion and is close to picking Morgan Stanley as the lead underwriter for the public offering.
source: interaksyon.com
