According to reports from International Financing Review on wednesday morning it is expected for Facebook to put forward documents for a $5 billon Initial Public Offering. Mark Zuckerberg who established the social network site in the year 2004 in a dormitory at Harvard.
The mega IPO would be handled by 5 major book runners with one of the companies being Morgan Stanley.This IPO is thought to be the largest IPO to emerge from Silicon Valley and Morgan Stanley has been picked to take the coveted “lead left” role. This term refers where the leading underwriters name would appear on the IPO prospectus. Goldman Sachs, Bank of America Merrill Lynch, Barclays Capital and JP Morgan have been chosen as the other 4 bookrunners.
IFR also stated that the initial target of $5 billion could be increased in the coming months depending on the demand from investors. Facebook refused to comment on the reports stated from IFR.
