Palo Alto, California based Facebook Inc could file for an IPO early next week worth up to $100 Billion according WSJ. U.S. newspaper Wall Street Journal reveals that Facebook could file the documents with SEC (Securities and Exchange Commission) as early as next week. Sources claim Morgan Stanley will lead to be the underwriter with Goldman Sachs also most likely to play a major role. Given the time Facebook could set to be on track to start trading stock as early as this spring.
Facebook’s IPO will be the largest Internet IPO ever, Facebook Spokesman declined to comment ”We’re not going to participate in IPO-related speculation,” Facebook spokesman said. Facebook is still under scrutiny overs its privacy issue. Facebook currently has more than 800 million users and reported sales of about $4.3 billion last year. Please let us know your thoughts on comments.
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