Facebook Could File for IPO Next Week

From WSJ:

Facebook Inc. could file papers for an initial public offering as early as next week and is close to picking Morgan Stanley as the lead underwriter for its IPO, said people familiar with the matter.

Facebook could file papers for the IPO as early as this coming Wednesday, but that timing is still being discussed, said a person familiar with the matter. The company is currently looking at a valuation of $75 billion to $100 billion, this person said.

Morgan Stanley, people familiar said, is the strong frontrunner for the much-coveted “lead left” position on Facebook’s IPO documents to be filed with the Securities and Exchange Commission.

Facebook’s IPO, which people familiar with the matter earlier said could raise as much as $10 billion, has been hotly anticipated as a defining moment for the latest Web investing boom. The Menlo Park, Calif. social-networking company, which has more than 800 million members, has changed the way people interact with each other and share information on the Internet.

A Facebook spokesman declined to comment. A Morgan Stanley spokesman also declined to comment.

Posted by on January 27th, 2012 at 2:45 pm

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